Back in September of last year I pointed out the one-time Target manager who was starting his own hedge fund to wager against volatility. He had lined up $100 million to bet invest. I said that there had been many disturbing trends during this bull market, but that one took the cake. Now you can see why. The VIX index has spiked, and those who have persistently been betting against volatility are getting hammered.
Jeremy Jones, CFA
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