"Abe trade" winning converts


It's been a rough spell from a performance perspective for macro hedge funds. But they might have hit upon a winning formula with the so-called "Abe trade," which is named for Shinzo Abe, Japan's Prime Minister. According to the Financial Times, the trade involves shorting the yen to buy equities. Lots of the big names have seized upon on this concept, including Caxton Associates, Moore Capital and Tudor Investment Corporation. Can this formula work on other markets? Article