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From: Revista Presei

Posted by Barbones, 02 January 2013 · 2891 views

One Of The Biggest 'Hedge Funds' In The World Is Getting Destroyed By The Yen


One of the biggest leveraged hedge funds in the world got hit with a 2×4 during the 4th Q. This fund has a mixed bag of assets, but was heavily exposed to big FX positions.
The fund made a big “bet” 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.


Read more: http://www.businessi...1#ixzz2GpDsw5Ir



Source: Revista Presei

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