美国对冲基金正在做空加拿大的银行股因为加国房市面临崩溃 Crescat Capital sees the Canadian economy heading for recession as the housing market buckles. That might be bad enough for the banks but they face an added strain: outside the financial sector, more than 80 per cent of Canadian companies aren’t generating enough cash to support their businesses, the highest in the world, according to Crescat.
“Canadian banks will be left holding the bag and the ones to suffer from what is likely to be a major economic recession,” Tavi Costa, a global macro analyst at Denver-based Crescat, said by phone.
Crescat has only US$55 million under management, but it returned 41 percent in its Global Macro Fund last year and 32 per cent in its Long/Short Fund, bolstered by a short wager on China, according to its website. That put the company among the top performers in a year in which the industry saw its biggest loss since 2011, declining 4.1 per cent, according to Hedge Fund Research Inc.
The country’s biggest lenders are Royal Bank of Canada and Toronto-Dominion Bank, along with Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada. Costa declined to name the banks Crescat was shorting. Representatives for Canada’s six biggest banks didn’t immediately comment or declined to comment.
Crescat’s short comes amid long-standing warnings from economists, investors and even the Bank of Canada about elevated consumer debt, which was driven higher by a decades-long housing boom. Canada’s ratio of household debt to income has been hovering at about 175 per cent for the past two years, compared with a peak of about 134 per cent in the U.S. at the height of its housing bubble in 2007. https://www.bnnbloomberg.ca/a-top-performing-u-s-hedge-fund-is-shorting-canada-s-banks-1.1200486 -gcd123(GCD123) 2019-1-18美国对冲基金正在做空加拿大的银行股因为加国房市面临崩溃 -scr(working.......) 2019-1-18做空就是假涨真落。sell high and buy back at low, make the difference. -gcd123(GCD123) 2019-1-18outside the financial sector, more than 80 per cent of Canadian companies aren’t generating enough cash to support their businesses, the highest in the world -gcd123(GCD123) 2019-1-18Crescat has only US$55 million under management. 好么，也不嫌丢人。 -fxid(闲聊灌水) 2019-1-182-3年前就有不少机构做空加拿大银行股，结果并不怎样 -vicky2005(孩子她爹) 2019-1-18按这两周加拿大银行股的走势来看，估计美国对冲基金知难而退了 -vicky2005(孩子她爹) 2019-4-17 -cw2000(看看) 2019-4-17RY破顶? 还没有吧，去年1月14号，$107.72 -vicky2005(孩子她爹) 2019-4-17听收音机的，估计是说52周的。嗯，和TD一样，也是接近顶了。 -cw2000(看看) 2019-4-17加拿大的银行业是受高度保护的，所以银行股会跌一时不会跌一世。 上次美国08年金融危机的时候，我见过不少short加拿大银行股的从几万本金赚到几十万然后又亏到几万，不服气的最后把几万本金也一起亏进去了 -blackscraper(blackscraper) 2019-1-19