4 ms·
"Betting against the entire sector would have been clumsy." This would have still made a lot of money. Maybe not a maximum amount of money, but still a lot.
by maximilian 18y ago
"Betting against the entire sector would have been clumsy."
This would have still made a lot of money. Maybe not a maximum amount of money, but still a lot.
- steveplace 18y agoIt might have been wiser to do a pairs trade: short {BSC, LEH, MS}/ long xlf.
- byrneseyeview 18y agoClarium doesn't usually do that, though. They usually look for ideas so big they don't need to hedge to offset them (e.g. with oil prices, they found a discrepancy between the prices of various heating oil contracts, which could have been a nice arbitrage. But they just bought the cheaper contract, because they saw it as a cheaper way to get exposure to the price moves).