Shares are set to open higher after Wall Street took a ride on tech stocks; Neuren signs expanded licensing deal; oil prices swung in choppy trading but held near an 11-week-high. Follow here for more.
The first half of 2023 proved to be a washout for some of the world’s biggest macro traders as they struggle to recoup losses sparked by volatile bond markets.
Others such as Said Haidar and billionaire Chris Rokos made money in June, but fell short of recovering their losses from March this year when the collapse of Silicon Valley Bank sent shock waves across global markets and hurt their leveraged bets in the rates market. A representative for Caxton didn’t respond to requests for comment, while those for all the other firms declined to comment.
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