Hedge funds reopen pre-war playbook

AN eclectic mix of shorter-maturity Treasuries, beaten-up Asian currencies and even instant-noodle stocks look set to be among the early beneficiaries of the US-Iran agreement, according to global hedge fund managers.

As fast-money investors dust off their pre-war playbooks, Florida-based Grey Value Management sees value in shorter-dated US government bonds as does Reed Capital Partners in Singapore, which is also buying the yen.