Category Archives: Hedge Funds
Everest Capital Global Fund Closes After Massive Swiss Franc Trading Loss
On January 15, 2015, the Swiss National Bank (SNB) decided to remove a three-year cap, or peg, on its currency versus the Euro. In September 2011, the SNB set a minimum exchange rate of 1.20 Francs per Euro, thereby capping the Swiss Franc’s appreciation against the Euro, and other world currencies. The SNB claimed… Read More »
