How to measure the impact of tail hedging on a portfolio

Editor’s note: This article is part of a series ValueWalk is doing on tail risk hedge funds. The series is based on over a month of research and discussions with over a dozen experts in the field. All the content will be first available to our premium subscribers and some will be released at a later date for all readers. If you want to  see the full series and support us please click here. Q1 2020 hedge fund letters, conferences and more Canterbury Tollgate was up 4.96% for the first quarter, compared to the S&P 500’s 19.6% decline and the…