Massive Hedge Fund, Also Known As Swiss National Bank, Suffers Colossal $143 Billion Loss In 2022

Zero Hedge | Jan. 10, 2023

The last time we looked at the massive money-printing (literally) hedge fund that also moonlights as the Swiss National Bank, we were stunned to learn that its US equity holdings had exploded to a record $177 billion at the end of Q1 2022, orders of magnitude more than the mere $27 billion it held as recently as 2014.

Since then things haven’t gone exactly as planned for the massive asset gatherer, and the value of its US equity longs has tumbled by almost $50 billion from the record high in Q1 to $139.8 billion as of Q3, a two year low… and a huge loss despite the fact that all the SNB has to do is print some more Swiss Francs, sell them for dollars and then simply buy some more stonks to plug whatever P&L holes it has.


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