One of the biggest leveraged hedge funds in the world got hit with a 2×4 during the 4th Q. This fund has a mixed bag of assets, but was heavily exposed to big FX positions. The fund made a big "bet" recently when they went short EURYEN. This turned sour in a very big way; the EURYEN moved an incredible 14 big figures against them in just 60 trading days. Street players, who know of this currency spec, refer to it as a "Size" position. At the end ...
http://www.businessinsider.com/swiss-national-bank-whacked-by-euryen-2
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