CNBC – Switzerland’s unexpected decision to allow its currency to float freely once more against the euro may have claimed another victim—Everest Capital’s Global Fund.
Bloomberg News, citing a person close to the firm, reported Saturday that Everest’s $830 million fund, its largest, took a bath after the Swiss National Bank unyoked the franc from Europe’s single currency this week. The Miami-based firm is run by Marko Dimitrijevic, a hedge fund veteran who has a long history in turbulent emerging markets.
