Hedge funds’ top five currency bets for 2014

Hedge funds think 2014 could be the year their currency bets finally pay off, after getting burned last year on trades ranging from the Australian dollar to the greenback… “The Mexico peso is (our) favorite overall because of the ongoing reform process, especially on energy, and the implications this has for stronger foreign direct investment and other inflows into Mexico, as well as the impact on potential growth,” said Ian Gunner, manager at Altana Hard Currency Fund.

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