Tag: swiss franc
Swiss squeeze busts West Ham sponsor
As I speculated yesterday, there was bound to be some companies that couldn’t absorb the losses from the decision by Swiss to suddenly free float their currency.
The first victim to come to the fore is Alpari, they posted a rather sombre statement on their web site: –
https://www.alpari.com/company-news/posts/2015/january/important-announcement/
The key part reads: –
The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted …
How to lose £30m in seconds
Over the last year I’ve been speaking to a lot of organisations, in sports and non sports markets, that hedge or don’t hedge their positions.
I think I can do a job for people who don’t hedge, but curiously, the general message that’s been coming back is that there is no need to hedge. Margin is lost by hedging and gained by decent management of positions. I think that the prevailing view, despite losing margin in the process, is that …
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