As Trump's tariff war disrupted the global bond market, hedge fund Alphadyne Asset Management lost hundreds of millions of dollars last week, and the decline widened further in April. People familiar with the matter revealed that its flagship fund, Alphadyne International Fund, is down about 10% this month as of last Friday. People familiar with the matter said that the company's relative value bets caused most of the losses, and betting on the wrong direction of Japanese assets was also one of the reasons for the losses. New York-based Alphadyne manages approximately $10 billion in assets and specializes in macro and fixed income relative value transactions. A representative of the company had no immediate comment.

As Trump's tariff war disrupted the global bond market, hedge fund Alphadyne Asset Management lost hundreds of millions of dollars last week, and the decline widened further in April. People familiar with the matter revealed that its flagship fund, Alphadyne International Fund, is down about 10% this month as of last Friday. People familiar with the matter said that the company's relative value bets caused most of the losses, and betting on the wrong direction of Japanese assets was also one of the reasons for the losses. New York-based Alphadyne manages approximately $10 billion in assets and specializes in macro and fixed income relative value transactions. A representative of the company had no immediate comment.