A hedge fund manager who returned over 4,000% in Q1 2020 says 'we are in uncharted territory.' He explains his strategy that allows investors to maximize gains during financial storms and 'take on more systematic exposure' the rest of the time.
Spitznagel said his risk mitigation strategy stands out with its over 4,ooo% return because it is cost-effective and simply different from the rest of the asset class.
"But what cost-effective risk mitigation does is it actually allows you to take on more systematic exposure and, say, buy more stocks," he said."So this is what I've been saying for the last 10 years while I've also been saying that the stock market is going to crash."The cost-effectiveness of Spitznagel's strategy explains why Universa achieved a life-to-date average annual return on invested capital of 105.
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