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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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📄 More info 👉 https://www.gate.com/announcements/article/45695 - 🎉 Gate Alpha Second Points Special Airdrop is coming!
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BNP Paribas: The Hedging fund lost in January due to the Mexican peso, but made profits from coffee and gold
Xinhua News Agency reported on February 12 that BNP Paribas Bank stated that due to escalating concerns about the global trade war, leading to price volatility, Hedging funds in the trading market suffered losses in January due to the Mexican peso but profited from gold and coffee trading. BNP Paribas Bank's report shows that Hedging funds that identify major market trends, buy when prices pump and sell when prices fall had an average return rate between 0.2% and 0.6% in January. BNP Paribas Bank stated that the key performance drivers for these systematic funds (including Commodity Trading Advisors (CTAs)) include coffee, gold, Japanese government bonds, and European stock indices.