Comac Capital’s Macro Fund Said to Drop 8 Percent on Swiss Franc
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Comac Capital lost about 8 percent after the Swiss National Bank’s surprise decision to abandon the franc’s cap against the euro roiled markets worldwide, according to people with knowledge of the situation.
Comac, a $1.2 billion London-based macro hedge fund run by Colm O’Shea, lost money on foreign-exchange trades as the franc surged as much as 41 percent versus the euro on Thursday, according to two people, who asked not to be identified because the matter is private.