Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Asian Hedge Fund manager based in HK/SG with over 20 years of experience managing Asian Long/Short Equity funds. Macroeconomic top-down analysis generates thematic investments that are further researched from the bottom-up. Research is supplemented with advanced technical analysis. 
Previous experience includes M&A with Morgan Stanley and CPA with Deloitte in NYC. Wharton MBA.

CHARTING COURSE: K-Popped, Trump's Escort Service, and Pain at the Pump (3/5/26)

BUY/SELL/HOLD: Hong Kong Market Update (March 10)

Bitcoin: HOW TO LOSE MONEY IN A BULL MARKET!!

Outlook 2026: THE BIG IDEAS TO NAVIGATE MARKETS

2026 HIGH CONVICTION IDEA: Long Gold / Short Bitcoin (UPDATE)

US: Economic Policy Goes on the Naughty List in 2025

Cross Asset Strategy

<ul>
<li>The HKD is moving to the weak end of its trading band.  In order to maintain the current level of the Aggregate Balance, the HKMA will allow HIBOR to rise.</li>
<li>A stronger CNY/HKD exchange rate will draw more HKD investments to the mainland as stock market valuations converge.  There is a strong demand for Chinese bonds in Hong Kong.</li>
<li>Bitcoin is taking a breather after its rapid decline this year, and before it begins its next leg down.  Our long gold / short bitcoin strategy has gained 55% YTD.</li>
</ul>


The HKD is moving to the weak end of its trading band.  In order to maintain the current level of the Aggregate Balance, the HKMA will allow HIBOR to rise.
A stronger CNY/HKD exchange rate will draw more HKD investments to the mainland as stock market valuations converge.  There is a strong demand for Chinese bonds in Hong Kong.
Bitcoin is taking a breather after its rapid decline this year, and before it begins its next leg down.  Our long gold / short bitcoin strategy has gained 55% YTD.


チャートコース：香港ドルとビットコイン…再び（2026年2月）