Hedge fund giant splits with Morgan Stanley on dollar peak call

SYDNEY: Don’t bet on the US dollar rally ending any time soon, says the world’s largest publicly traded hedge fund.

While investment titans such as Morgan Stanley and State Street Corp wager the greenback’s rally this year is just about finished, Man Group Plc reckons it may have further to go. The escalating trade war between the US and China may only fuel the dollar’s strength, not stymie it, according to Guillermo Osses, head of emerging markets debt strategies at Man Group GLG, a unit of the fund.