Billionaire investor’s Pure Alpha Fund down 20% after coronavirus-induced market turmoi
<a href="https://www.ft.com/content/6addc002-6666-11ea-800d-da70cff6e4d3" rel="nofollow">https://www.ft.com/content/6addc002-6666-11ea-800d-da70cff6e...</a>
This is what hedge funds do, they use various strategies to build hedges and reduce volatility according to their mandate.<p>Nothing crazy about expecting a downturn after a 10+ year bull-run with frothy markets, but looks like a bit of luck on the timing for those puts.