Hedge funds bet against Chinese currency -WSJ

Several major hedge funds are piling into bets that China's currency will decline against the dollar, according to the Wall Street Journal. Hayman Capital Management has invested about 85 percent of its portfolio in bets against the yuan and the Hong Kong dollar, and Greenlight Capital holds options that pay off if the yuan falls. Hedge fund managers Stanley Druckenmiller and David Tepper have also taken positions against the Chinese currency, the Journal said, citing people familiar with the ma