A hedge fund manager who called the oil crash is going long these 2 currencies
Zach Schreiber, the CEO of PointState Capital who made $1 billion betting against oil two years ago, is long two currencies.
Speaking at the Sohn Investment Conference on Wednesday, Schreiber said he's long the Russian ruble and the Mexican peso against the dollar to fund the 1.25% cost of his Saudi riyal trade, as Business Insider's Bob Bryan reported.
Schreiber noted that he's short the Saudi currency against the US dollar, arguing that the lower-for-longer oil-price enviro
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