Marko Dimitrijevic is closing his largest hedge fund, Everest Capital’s Global Fund, after losing virtually all its money last week following the Swiss National Bank’s removal of the three-year-old cap on the franc against the euro, according to a Bloomberg report. Citing people familiar with the development, the Bloomberg report said Everest Capital’s Global Fund had been betting that the Swiss franc would decline. Everest Capital had $830 million in assets Dimitrijevic has survived at least five emerging market debt crisis. Everest Capital’s Global Fund had about $830 million in assets as of the end of December. The firm specializes in…
Everest To Shut Big Fund Amid Big Losses On Swiss Franc Bet
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports