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Hedge Fund’s Red Hot Vaping Bet Runs Into Trump’s Surprise Ban

  • Jason Mudrick’s flagship hedge fund is up 32% so far this year
  • But almost 30% of his firm’s assets are on vaping venture NJOY
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Can We Actually Ban Vaping?

Jason Mudrick has been enjoying a run this year that most other hedge fund managers only dream of.

His flagship fund at Mudrick Capital Management is up 32% on soaring valuations for one of the largest players in the U.S. vaping market. Now, that same bet could pose a headache for the maverick investor.