{"id":46020,"date":"2015-01-20T08:41:00","date_gmt":"2015-01-20T13:41:00","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=46020"},"modified":"2015-01-20T08:41:00","modified_gmt":"2015-01-20T13:41:00","slug":"swiss-franc-trade-wipes-out-hedge-fund-accustomed-to-debt-crisis","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2015\/swiss-franc-trade-wipes-out-hedge-fund-accustomed-to-debt-crisis.html","title":{"rendered":"Swiss Franc Trade Wipes Out Hedge Fund Accustomed to Debt Crisis"},"content":{"rendered":"<p>Bloomberg &#8211; Marko Dimitrijevic made a smart bet in December. The hedge fund manager, wagering the Swiss franc would fall, profited after voters there rejected a plan to have the central bank hold a fifth of its assets in gold.<\/p>\n<p>For the $830 million Everest Capital Global, his Miami- based firm\u2019s oldest and biggest fund, investments from Switzerland contributed 0.6 percentage points to gains that month. Last week, the wager had a far bigger impact. In less than a day, it wiped out the 24-year-old fund, according to a person familiar with Everest Capital, leaving the firm with about $2.2 billion in seven other fund.<\/p>\n<p><a href=\"http:\/\/www.swissinfo.ch\/eng\/bloomberg\/swiss-franc-trade-wipes-out-hedge-fund-accustomed-to-debt-crisis\/41223350\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Marko Dimitrijevic made a smart bet in December. The hedge fund manager, wagering the Swiss franc would fall, profited after voters there rejected a plan to have the central bank hold a fifth of its assets in gold. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46020","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/46020","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=46020"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/46020\/revisions"}],"predecessor-version":[{"id":46021,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/46020\/revisions\/46021"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=46020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=46020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=46020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}