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Podcast: My Worst Investment Ever Podcast
Episode: Igor Yelnik – Think About Non-Market Risks
Description: BIO: Igor Yelnik founded Alphidence Capital Ltd in 2020 and holds the positions of CEO and CIO. Alphidence is a systematic macro hedge fund management firm based in London, UK.STORY: Igor’s company entered into a forward contract with one of Russia’s biggest banks and sold a very significant amount of the Russian ruble against the US dollar. The company made a considerable profit, but the bank decided not to pay. After a lengthy court battle, the company gave up and counted its losses.LEARNING: Infrastructure and systematic risks can affect your trade significantly.