From: Revista Presei
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.
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Source: Revista Presei