WASHINGTON (Reuters) - Hedge fund manager Marko Dimitrijevic is closing his largest hedge fund, Everest Capital's Global Fund, having lost almost all its money after the Swiss National Bank (SNB) scrapped its three-year-old cap on the franc against the euro, Bloomberg news reported on Saturday. Citing a person familiar with the firm, Bloomberg said the fund had been betting that the Swiss franc would decline. The fund had about $830 million in assets at the end of 2014, according to a client report cited by Bloomberg. It said an Everest spokesman would not comment on the fund and Dimitrijevic did not return calls. Everest Capital, based in Miami and specializing in emerging markets, still manages seven funds with about $2.2 billion in assets, Bloomberg said. The SNB triggered big losses around the globe on Thursday when it removed a three-year-old cap on the value of the Swiss franc against the euro, allowing it to soar. (Writing by Bill Trott; Editing by Frances Kerry and David Holmes)
- Rolling Stone
The one-time triple threat is turning into the king of cringe
Well after Ashton Kutcher, Jake Gyllenhaal, Kristen Bell and the Rock made headlines everywhere for openly discussing their bathing habits, it’s still sparking debate: Is it possible to shower too much? Not...
- USA TODAY Sports - Golfweek
DQ'd? From a pro-am? That appears to be the case for Jordan Spieth.
- USA TODAY Sports - Golfweek
"I don't have any ill will for anyone going to play the LIV tour. I have ill will towards the comments."
- National Review
Robert Crimo III, who is believed to have taken shots at parade-goers from a rooftop in Highland Park, Illinois was arrested by police Monday evening after his DNA was identified.
And the tiniest copper bikini.
The U.S. has had more mass shootings in the past weekend than Denmark has had in a decade.
- Town & Country
Camilla invited Kate to photograph her in the garden of her private Wiltshire home for a cover shoot for this month's Country Life magazine.
KELLEY BLUE BOOK New car owners are experiencing more problems in the first 90 days of ownership than ever before. Buick took the top spot in the 2022 J.D. Power Initial Quality Study, but the headline isn’t the winner this year.
- NBC Sports Chicago
Monday's game in Milwaukee saw the Cubs and Brewers make MLB history behind a trio of unique home runs.
- Consequence of Sound
A gunman opened fire on the parade, killing at least six people and injuring dozens of others. 22-Year-Old Rapper Identified as “Person of Interest” in July 4th Highland Park Parade Shooting Alex Young
- The New York Times
They came for Dmitry Kolker, an ailing physicist, in the intensive care ward. They came for Ivan Fedotov, a hockey star, as he was leaving practice with a film crew in tow. They came for Vladimir Mau, a state university rector, the week he was reelected to the board of Gazprom. The message sent by these high-profile detentions: Nearly anyone is now punishable in Vladimir Putin’s Russia. The flurry of arrests across the country in recent days has signaled that the Kremlin is intent on tightening
In Las Vegas, everything has an end date. Casinos and resorts seemingly need updates nearly as soon as they open and what seems cutting edge today may be dated in a just a few years. The Las Vegas Strip undergoes nearly endless change.
‘This will be an expensive trip’: I’ve been invited to a destination wedding in New Orleans. I live in L.A. Is it tacky to ask the bride if I can bring a plus-one?
‘We don’t have many mutual friends anymore, and those we do have are married, so I won’t be able to share a hotel room with anyone.’
Polka dots? For Wimbledon? Incredible, actually.
This is honestly hilarious.
When retired federal Judge Sue Robinson held the disciplinary hearing for Cleveland Browns QB Deshaun Watson last Tuesday, many expected for her to announce a decision shortly thereafter, and for Watson, the NFL or both to appeal it to NFL commissioner Roger Goodell. Instead, she ordered the parties back for a second day. Then she […]
- The New Voice of Ukraine
More than 200 Russian invaders were killed and more than 300 would as a result of a Ukrainian attack on the airfield in Melitopol early on July 4 mayor of Melitopol Ivan Fyodorov said on national TV on July 5.
- The Wrap
GOP Governor Candidate in Illinois Roasted for Saying ‘Let’s Move On’ Hours After July 4 Parade Mass Shooting
Gubernatorial candidate Darren Bailey has since apologized for his comments
- Raleigh News and Observer
The Shockwave was a staple at air shows and dragstrips nationwide, including in North Carolina. It offered rides to fighter pilots and, sometimes, to reporters.