Why One Firm's 3,612% Return Is Drawing the Ire of Hedge Funds
- Portfolio protection faces scrutiny just as market fears rise
- Taleb-advised Universa under fire for performance claims
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Mark Spitznagel is a master at generating buzz for his tail risk-protection business. From partnering with the man who coined the very term “Black Swan” to warning this January that we’re in “the greatest tinderbox-timebomb in financial history,” he makes sure Universa Investments is rarely far from the Wall Street spotlight.
But it’s the firm’s returns that really make headlines — and get the blood of some of the hedge-fund world’s biggest names boiling in the process.