{"id":33209,"date":"2013-01-02T10:51:19","date_gmt":"2013-01-02T15:51:19","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=33209"},"modified":"2013-01-02T10:51:19","modified_gmt":"2013-01-02T15:51:19","slug":"one-of-the-biggest-hedge-funds-in-the-world-is-getting-destroyed-by-the-yen","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2013\/one-of-the-biggest-hedge-funds-in-the-world-is-getting-destroyed-by-the-yen.html","title":{"rendered":"One Of The Biggest &#8216;Hedge Funds&#8217; In The World Is Getting Destroyed By The Yen"},"content":{"rendered":"<p>(Business Insider) One of the biggest leveraged hedge funds in the world got hit with a 2\u00d74 during the 4th Q. This fund has a mixed bag of assets, but was heavily exposed to big FX positions.<\/p>\n<p>The fund made a big \u201cbet\u201d recently when they went short EURYEN. This turned sour in a very big way; the EURYEN moved an incredible 14 big figures against them in just 60 trading days.<\/p>\n<p>Street players, who know of this currency spec, refer to it as a \u201cSize\u201d position. At the end of Q3, it came to a lumpy short $40B. There were rumors that the fund added to the short during the Q (not confirmed yet). But even if the book was kept static, the mark-to-market loss comes to $5+B. That\u2019s serious money to anyone.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/swiss-national-bank-whacked-by-euryen-2013-1#ixzz2Gpl1FB1M\">Read Complete Article Here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Business Insider) One of the biggest leveraged hedge funds in the world got hit with a 2\u00d74 during the 4th Q. This fund has a mixed bag of assets, but was heavily exposed to big FX positions. The fund made [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33209","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33209","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=33209"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33209\/revisions"}],"predecessor-version":[{"id":33213,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33209\/revisions\/33213"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=33209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=33209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=33209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}