zerohedge.com / by Tyler Durden on 01/09/2014 14:50 -0500
2013 may have been a bad year for Bill Gross, but nobody had it worse than John Taylor. The former head of FX concepts saw his hedge fund – once an FX trading behemoth and the largest in the world with $14 billion in AUM in 2007 – crash, burn, and file for bankruptcy as we reported previously. But the cherry on top was the revelation that a year before its filing, Taylor personally guaranteed some $5 million of the FX Concepts’ debt owed to Asset Management Finance, a unit of Credit Suisse. Surely, such a sequence of events would be enough to turn even the staunchest financial addict away from the markets for ever. But not John Taylor – the former FX guru has a message for all of you: he is not only back, but is launching a newsletter…. oh and he has a Bloomberg terminal too.