What do you think of when you hear the term “carry trade”? We start thinking of the infamous Mr. John Devaney, who had to sell his 142-foot yacht named (wait for it…) “Positive Carry” during the financial crisis because of losses in his hedge fund due to the unwinding of, you guessed it — the carry trade.But a recent whitepaper by Adam and Andrew Butler of ReSolve Asset Management is making us think of the infamous Carry Trade in a new way. While the carry trade is best known f...
