Australian overload

One of Australia’s top currency strategists is launching a new hedge fund that will invest mainly in the Australian dollar.

This reminds me of the time I tried to listen to my entire 10-hour AC/DC music collection on a flight from New York to Asia. Not a great idea. It’s just a little too much Australia, if you know what I mean.

A hedge fund also seems like a strange vehicle to use to make a directional bet on a single currency, especially one that’s not far away from 20-year highs.

Unless, of course, you’re the manager of the fund in which case you can collect your 2 and 20 by sitting around buying Aussie dollars all day long (and listening to AC/DC). Now that’s a cool job.