A few savvy investors had Swiss central bank figured out

Handful of funds reap rewards betting on an event that was widely viewed as only a remote possibility

A few savvy investors had Swiss central bank figured out

When Switzerland’s central bank shocked markets by scrapping a three-year-old policy limiting the value of the Swiss franc against the euro, the Swiss investment firm Quaesta Capital was among the few that benefited.

The firm, which oversees $3 billion in Pfäffikon, Switzerland, bought options "a considerable time" ago betting that the euro would drop below 1.20 francs, said chief executive Thomas Suter.

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