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28

Greece a Boon for This Hedge Fund as Yen Jumps on Haven Bid

By Tony Seruga

Charlie Chan, a former Credit Suisse Group AG proprietary trader who now runs his own hedge fund, has reason to stay calm even as the collapse of Greek rescue talks roils global markets.

Chan said his Singapore-based hedge fund has been betting on a stronger yen versus the dollar since April and demand for haven assets lifted the Japanese currency to a one-month high on Monday. His Splendid Asia Macro Fund has returned 12.5 percent this year, adding to its 18 percent gain in 2014, he said…

Greece a Boon for This Hedge Fund as Yen Jumps on Haven Bid

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