Veteran Trader Boaz Weinstein Sees 200-to-1 Payoff Potential in Hong Kong Dollar Short
- He is betting the currency’s peg with the dollar will collapse
- Bill Ackman revealed in tweet he is also shorting the currency
Boaz Weinstein
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Credit trading veteran Boaz Weinstein said he’s betting against the Hong Kong dollar, joining hedge fund industry peer Bill Ackman in publicizing his short position on the pegged currency.
“Bill’s trade is a smart lottery ticket and I also have it on,” Weinstein, the founder of Saba Capital Management, said in a tweet responding to another by Ackman predicting it is only a matter of time before peg breaks.