Markets

The hedge fund industry raked in 12.3% last year, its largest annual return since 2009, as markets bounced back from coronavirus lows

Hedge funds enjoyed strong gains in 2020 as risk markets swiftly rebounded on recovery hopes and unprecedented stimulus. The average fund returned 12.3% in 2020, the largest annual return since 2009, according to analytics firm HFM. The hedge-fund industry’s assets under management ballooned 7.7% to a record $US3.5 trillion. Sign […]
The hedge fund industry raked in 12.3% last year, its largest annual return since 2009, as markets bounced back from coronavirus lows
Markets

An investor whose fund returned 4,144% in the 1st quarter explains why his successful strategy is too dangerous for the average trader — and calls continued Fed stimulus ‘very, very destructive’

Mark Spitznagel, Universa Investments chief, told CNBC on Monday that tail-risk hedging, the fund’s risk-mitigation strategy that returned 4,144% in the first quarter, is generally “costly and a bad strategy.” Spitznagel cautioned at-home investors against using tail-risk hedging. Instead, they need to be “realistic about risk-mitigation strategy,” he said. He […]
An investor whose fund returned 4,144% in the 1st quarter explains why his successful strategy is too dangerous for the average trader — and calls continued Fed stimulus ‘very, very destructive’