WSJ Editor Answers Criticism About 'Hedge Fund Pounds Euro' Story

Earlier today, we recapped the discussion surrounding The Wall Street Journal‘s late-February story, “Hedge Fund Pounds Euro: Traders Pile On, Using Multiple Big Bets Greek Crisis Will Push Currency Lower” (or, if you only read the large font on the front page of the Journal, “Hedge Fund Pounds Euro”). In so doing, we realized that although WSJ editor Mike Siconolfi had responded in depth to questions about the purported secrecy of a dinner among hedge fund managers described in the article, he hadn’t said much about the potential for hedge funds to move a currency as liquid and widely traded as the Euro.