A large US hedge fund, according to a media report after the surprising release of the Swiss franc exchange rate by the Swiss central bank lost nearly all his capital and is therefore closed. The Global Fund Everest Capital had bet that the Franks lose in value, quoted the Bloomberg news agency on Saturday a person familiar with the process person.
But the opposite happened after the central bank on Thursday for about three years applicable minimum price had abolished the euro. The hedge fund manager Marko Dimitrijevic now closing its largest fund, the Global Fund of Everest Capital, Bloomberg reported.
The fund had available by the end of 2014 with a capacity of about 830 million dollars. Everest Capital but still manage seven other funds with a total capital of about 2.2 billion dollars. A Everest spokesman declined to comment on the report. Dimitrijevic was not immediately be reached.
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