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Swiss Franc Trade Is Said to Wipe Out Everest’s Main Fund
Sunday, January 18, 2015 12:35
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Marko Dimitrijevic, the hedge fund manager who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money this week when the Swiss National Bank unexpectedly let the franc trade freely against the euro, according to a person familiar with the firm.
Everest Capital’s Global Fund had about $830 million in assets as of the end of December, according to a client report.
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Source: http://freenorthcarolina.blogspot.com/2015/01/swiss-franc-trade-is-said-to-wipe-out.html
