Black Swan Specialist Eyes $1 Billion For Macro Fund

Sep 27 2011 | 1:38pm ET

"Black swan" hedge fund shop Universa Investments plans to launch a macro fund to profit from what it sees as mispriced options.

The Santa Monica, Calif.-based firm hopes to raise $1 billion for the new fund. Like Universa's other hedge funds, the Convex Macro Fund will be a convexity fund, seeking out trades with the potential for huge profits with minimal risk.


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