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How does a moron at Everest Hedge Fund lose a billion over this Swiss National Bank forex trade event?

(Last Updated On: January 18, 2015)

How does a moron at Everest Hedge Fund loseĀ a billion over this Swiss National Bank forex trade event?

Please explain Mr or Mrs Expert

Hedge funds and brokers are going bust left and right.

Thanks to a bunch who highlighted this

http://www.bloomberg.com/news/2015-01-17/swiss-franc-trade-is-said-to-wipe-out-everest-s-main-fund.html

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