Winners And Losers In The Swiss Franc Debacle

Just as funds were being shut down and executives were resigning, there were some lucky ones who were rising along with the franc When it comes to currency moves, the massive surge in the Swiss franc made history. Markets around the globe were hit after the Swiss National Bank decided to remove the three-year cap on the nation’s currency, which had artificially kept the franc below the euro. While several hedge funds sustained losses from this unexpected policy change by the Swiss National Bank, there are others that were luckily positioned on the right side of this trade. It appears that trend-followers weathered…