Bloomberg with a look at a former SAC hedge fund manager & his position against the euro
- Yip Ka-hay, a former SAC Capital Advisors manager now running his own macro hedge fund, is shorting the euro against yen
- Says EUR/USD may slide below $1.08 in the next few months
- Cites a potential Greek default & exit from the euro
Even with a last-minute deal, the currency shared by 19 nations could weaken as policy makers shift their attention back to boosting growth and inflation in Europe through government easing
"The market is still expecting a last-minute compromise or extension of talks," said Hong Kong-based Yip, who is running his own $33 million macro hedge fund. "The possibility of Greece failing to pay the International Monetary Fund the 1.5 billion euros ($1.7 billion) due