{"id":8029,"date":"2015-08-29T21:30:50","date_gmt":"2015-08-30T04:30:50","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=8029"},"modified":"2015-08-29T21:30:50","modified_gmt":"2015-08-30T04:30:50","slug":"a-black-swan-fund-made-1-billion-this-week-wsj","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2015\/08\/a-black-swan-fund-made-1-billion-this-week-wsj\/","title":{"rendered":"A \u2018Black Swan\u2019 Fund Made $1 Billion This Week | WSJ"},"content":{"rendered":"<blockquote><p><a href=\"http:\/\/www.wsj.com\/articles\/nassim-talebs-black-swan-fund-made-1-billion-this-week-1440793953\"><img decoding=\"async\" class=\"alignnone size-full\" src=\"http:\/\/www.blackswanreport.com\/blog\/..\/media\/BN-KB401_0828bl_D_20150828161553.jpg\" alt=\"\" \/><\/a><br \/>\nUniversa Hedge Fund, a famous \u2018Black Swan\u2019 fund, made more than $1 billion in profits in one week amid volatility.<\/p>\n<p>The recent market rout caught some star Wall Street traders by surprise. But not a hedge-fund firm affiliated with \u201cThe Black Swan\u201d author Nassim Nicholas Taleb, which gained more than $1 billion on a strategy that seeks to profit from extreme events in financial markets.<\/p>\n<p>Universa Investments LP was up roughly 20% on Monday, according to a person familiar with the matter, a day when the Dow Jones Industrial Average collapsed more than 1,000 points in its largest intraday point decline. The blue-chip index finished down 588 points on the day.<\/p>\n<p>The fund\u2019s returns for the year climbed to roughly 20% through earlier this week, this person said. Universa holds positions designed to protect about $6 billion in client assets, according to people familiar with the firm.<\/p>\n<p>\u201cThis is just the beginning,\u201d said Universa founder Mark Spitznagel, referring to the market volatility this week. His longtime collaborator, Mr. Taleb, who advises Universa, is a professor at New York University and is known for his pessimistic forecasts on the global economy.<\/p><\/blockquote>\n<p>Source: <em><a href=\"http:\/\/www.wsj.com\/articles\/nassim-talebs-black-swan-fund-made-1-billion-this-week-1440793953\">A \u2018Black Swan\u2019 Fund Made $1 Billion This Week<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Universa Hedge Fund, a famous \u2018Black Swan\u2019 fund, made more than $1 billion in profits in one week amid volatility. The recent market rout caught some star Wall Street traders by surprise. But not a hedge-fund firm affiliated with \u201cThe Black Swan\u201d author Nassim Nicholas Taleb, which gained more than $1 billion on a strategy [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[545,164],"class_list":["post-8029","post","type-post","status-publish","format-standard","hentry","category-investing","tag-mark-spitznagel","tag-universa"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/8029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=8029"}],"version-history":[{"count":2,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/8029\/revisions"}],"predecessor-version":[{"id":8032,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/8029\/revisions\/8032"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=8029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=8029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=8029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}