Monday, December 16, 2013

FX Concepts is no more

I just learned that the once ginormous, single play, hedge fund FX Concepts is no more. At it's peak, I think it managed well over 10bn dollars. However, poor performance combined with customer withdrawals has left the company insolvent.  These guys had been around for some 32 years.

Their fate serves as a reminder that the market has a way of catching up with so many of us who go boldly searching for outsized returns.

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