{"id":24517,"date":"2011-09-07T09:58:26","date_gmt":"2011-09-07T13:58:26","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=24517"},"modified":"2011-09-07T09:58:26","modified_gmt":"2011-09-07T13:58:26","slug":"model-driven-hedge-funds-among-losers-in-snb-shock","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2011\/model-driven-hedge-funds-among-losers-in-snb-shock.html","title":{"rendered":"Model-driven hedge funds among losers in SNB shock"},"content":{"rendered":"<p>Reuters &#8211; Hedge funds, betting on globa lmarkets and driven by computer models, were among those hardest hit by Switzerland&#8217;s shock intervention on Tuesday to reverse profitable bets on the Swiss franc&#8217;s &#8220;safe-haven&#8221; status.<\/p>\n<p>The Swiss National Bank surprised investors with an exchange rate cap, saying it would no longer tolerate a rate below 1.20 francs per euro and would defend the target by buying other\u00a0currencies in unlimited quantities.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/2011\/09\/06\/hedgefunds-swissfranc-idUSN1E7851LZ20110906\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Hedge funds, betting on globa lmarkets and driven by computer models, were among those hardest hit by Switzerland&#8217;s shock intervention on Tuesday to reverse profitable bets on the Swiss franc&#8217;s &#8220;safe-haven&#8221; status. The Swiss National Bank surprised investors [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24517","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=24517"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24517\/revisions"}],"predecessor-version":[{"id":24518,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24517\/revisions\/24518"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=24517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=24517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=24517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}