Black Swan fund

A Black Swan fund is an investment fund based on the black swan theory that seek to reap big rewards from sharp market downturns.

One example of a "Black Swan" fund is Universa, which was founded by Mark Spitznagel and advised by Nicholas Taleb.

[1][2] During the 2007–2008 financial crisis the fund posted returns of over 100%.

[3] In August 2015, Universa Investments made more than $1 billion in profits in one week, representing a 20% YTD return.

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