Morgan Stanley IM slashes FX choices e-book
Morgan Stanley Funding Administration halved its notional publicity to USD/CNH choices within the third quarter of the 12 months, leaving the US mutual and exchange-traded fund sector with its lowest international change choice combination since Threat.internet began gathering knowledge in early 2020.
The supervisor had been identified to take giant bets on the Chinese language foreign money’s depreciation, however after greater than $400 million in misplaced premiums, just one set of trades probably paid out earlier this 12 months. Third-quarter filings
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