The fallout from the historic move in the Swiss Franc on January 15 is continuing to be felt, with hedge funds, pension funds and other institutions revealing staggering losses, some that are forcing the doors to shutter, while Swiss pension funds are suffering to the tune of $30 billion. As some investors were dealt a death blow by the move, and others damaged but still standing, if not staggering, after the blow, what caused the move is becoming increasingly clear. After receiving a private glance at the ECB’s plan for stimulus in the euro zone – and with growing economic…
Fallout From Historic Swiss Franc Move Continues, Swiss Pensions Hard Hit
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
