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Japan, Einhorn and ‘tontine’ fantasies
Raising the prospect of what he calls a “currency death spiral”, Einhorn told a New York conference on value investing that Japan “may already be past the point of no return”. Never one to pass up an opportunity, however, Greenlight had added new trades to this investment theme, buying long-dated options on much higher interest rates in Japan and other developed regions - effectively giving the firm the chance to make big profits from a jump in rates. The options, bought from maj
Submitted by
etfguy
11/5/2009
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etfguy
11/5/2009
etfguy is playing it
EWJ
Short
1.77%
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