"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong."
~ George Soros
What do Daniel Loeb and Bill Ackman have in common? Both are well known
for their hedge fund activist investing. Loeb in the ensuing years has
transitioned from activist to macro hedge fund manager; evident from his
stellar return in Greek government bonds and most recently, from the
Japan trade (initial currency/index trade). Ackman, despite his recent
hiccup in few investments such as J.C. Penney (JCP) and Herbalife (HLF),
had also dabbled in macro investing such as in Hong Kong dollar back in
2011. As Ackman put it recently, “The current printing of money is a
'non-sustainable' situation." Hong Kong should adjust is currency peg,
he said, and he has a small position essentially shorting it.
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