Michael Platt’s bet against US dollar helps drive BlueCrest to 28% gain
Hedge fund turned family office has long-term bearish stance on US currency
Hedge fund turned family office has long-term bearish stance on US currency

Hedging against falls in the dollar has not been a prime concern but Trump 2.0 is changing the mood

Dollar hedges will continue to be in demand but investors may have to consider other options too

Swings in the dollar, gold and government debt have been fertile territory for funds such as Kirkoswald, Rokos and Caxton

If you want to see how entrenched the US currency is in the global system, look at the foreign exchange swap market

Prospect of higher borrowing costs in Eurozone, Australia and Canada could leave Federal Reserve as an outlier in 2026

Hedge fund agreed a settlement with the FCA but did not accept the findings set out in its Final Notice