Hindsight Capital II: Weed and Truss Went Up in Smoke
The world’s most perfect hedge fund closes out 2022 with more trades you could have seen coming, but were probably safer not to make.
How did that trade work out?
Photographer: Toby Melville/WPA Pool/Getty Images Europe
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On this last trading day of 2022, it’s time to reveal the final trades placed by Hindsight Capital LLC. If you read yesterday’s Points of Return, you’ll find all the rules laid out for this strange and unfortunately non-existent hedge fund. It invests at the beginning of the year knowing that it will be judged over the next 12 months alone, and in full knowledge of how markets are going to perform. The managers do, however, need to be able to show that they had a sensible rationale for placing their chips as they did at the beginning of January.