Mark Spitznagel’s Universa Investments posts ~4000% returns for the last quarter. His book ‘The DAO of Capital: Austrian Investing in a Distorted World’ is a must readhttps://www.wsj.com/articles/hedge-fund-star-behind-4-000-coronavirus-return-peers-into-crystal-ball-11586343603 …
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Replying to @rivatez
i'm sure you're aware but for completeness, the 4000% return is just on the tail hedge component (which is the part of clients' pfolios that he manages). viewed holisitically an investor may allocate 98.5% to something like the SP500 and 1.5% to Universa's tail hedge program.
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Replying to @jay_modica
context always ruins a tweet haha but yeah, I read the leaked investor letter
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Replying to @rivatez @jay_modica
Do you know where I can find a copy of the letter online? Been looking for it but so far all I have seen are articles written about it
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Replying to @rivatez @jay_modica
Ah scribd always comes to the rescue Thanks!
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Universa April 2020 Investment Letter (leaked) 2/2pic.twitter.com/BfkJ7mEntl
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