This is an in-depth 3 part series on Mark Spitznagel's Universa Investments fund. The series is based on interview tidbits and commentary from the hedge fund's 2017 letter to investors
Is Mark Spitznagel the most misunderstood hedge fund manager on “Wall Street?”
The man ultimately responsible for decisions at Universa L.P., a tail risk mitigation strategy with nearly $6 billion under management, has been described as “betting on doomsday.” But in an exclusive ValueWalk interview, he opened up about a strategy that actually helps diversified portfolios in both up and down markets, slapping a strategy stereotype in the face. This Midwestern-born, Chicago-raised risk manager – a look that has been characterized as “boring” in a lecture...

