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Vijai Mohan, hedge fund manager of George Soros, poses for a photograph in San Francisco, California, April 24, 2013.
Vijai Mohan, hedge fund manager of George Soros, poses for a photograph in San Francisco, California, April 24, 2013.
(Kim White For The Globe and Mail)

The 'man who shorted Canada' sees loonie diving to 70 cents

Remember Vijai Mohan? The Globe and Mail introduced him to readers last April as the man who’s selling Canada short, a San Francisco hedge fund manager who made a heavy bet against the Canadian economy, predicting the loonie’s value would tumble and that Canadian bank shares would fall.

Fast forward nine months to the present: The loonie is definitely swooning, but so far, Canadian bank stocks have been holding up reasonably well. With the onset of a selloff in emerging markets – possibly a harbinger of worse to come – we contacted Mr. Mohan to find out how his positions and views have evolved.