FX Concepts, Once Worth $14 Billion, Now Worth Less Than $2 Million
FX Concepts has fallen from being the largest currency hedge fund in the world with $14 billion in assets under management before the financial crisis to a bankrupt company with less than $2 million AUM and nearly $80 million in liabilities, Gertrude Chavez-Dreyfuss reports for Reuters.
FX Concepts' loan note
Of its $1 . . .
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