“Tomorrow, we wake up — I mean, I would jump out the hotel window if this was the scenario — but we wake up and China has devalued 20%. The world is over. The world is over,” Hendry told Raoul Pal in an hour-long interview with Real Vision Television, a subscription financial video service. The yuan depreciation has become a consensus trade among hedge funds, according to Bank of America Merrill Lynch’s Global Fund Manager survey released at the beginning of the year. It has been a challenging trade so far, however, as the People’s Bank of China has been fighting...