Understanding Mark Spitznagel and the working components of a hedge fund with an emphasis on hedge is not easy work. The derivatives strategy nuance can be complex to the uninitiated, as a long/short volatility exposure can make even sophisticated beta market environment modeling challenging. Q2 hedge fund letters, conference, scoops etc To long-only stock thinkers, that typical 60%/40% stock/bond investor, understanding the complexity requires not only looking at the portfolio from a different perspective but recognizing a school of thought centered on risk management. The portfolio-level payout for this cerebral workout is multi-dimensional, however, obviously protecting the downside during a…
Famous Black Swan Hedge Fund Is Misunderstood Again
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.