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

How does a moron at Everest Hedge Fund lose 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 Join my FREE newsletter to learn more right risk management NOTE I now …

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