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In the week ending 23 January, 2015, in the ongoing Swiss franc saga, Marko Dimitrijevic said he was closing his largest hedge fund, the Everest Global Fund, after losing virtually all its money due to the Swiss franc rally; the markets braced for more losses at financial firms from the Swiss sudden move; the John Hancock Absolute Return Currency Fund lost 8.7% because of the Swiss franc turmoil; the Swiss franc remained pinned at sky-high levels, hovering around one-to-one against the euro; Pepperstone Financial Services said that it was considering bailing out Swiss-FX casualty Alpari; Lyxor AM expected CTAs to post moderate gains on the SNB decision; BlueCrest Capital and Comac Capital sustained significant losses from the surge in Swiss franc’s value; Fortress Investment's macro hedge fund lost 7.64% on the back of the Swiss move; and Brevan Howard survived last week’s currency market turmoil unscathed after cutting back a negative bet on the Swiss franc.

Douglas Braunstein and James Woolery are launching an activist hedge fund with a collaborative a......................

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