Hedge Fund News From HedgeCo.Net


A Bunch Of Hedge Funds Just Got Burned By The Swiss Bank Intervention

Business Insider – A bunch of hedge funds that had been profiting off the incredible rise in the Swiss franc just got burned.

This morning the Swiss Bank intervened, sending the Swissie down. The bank will buy an unspecified amount of Francs until the exchange rate with the Euro hits 1.20 francs.

Read Complete Article

 

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply