This Northport Investment Professional Earned a 3,612 Percent Gain In March
April 15, 2020
Mark Spitznagel of hedge fund firm Universa Investments is having a big spring. His $4.3 billion firm makes investments that nearly always lose small amounts of money, "until one day–maybe only every five or ten years–a black swan appears, terrorists ram jets into skyscrapers, or a global pandemic freezes the global economy. Then the tables turn hard and Spitznagel makes an enormous amount of money, more than enough to make up for all those many days of small losses," as a new Forbes article notes. All told, Spitznagel's returns are up more than 4,000 percent for the year -- 3,612 percent in March alone.
And here's the kicker: Spitznagel runs his firm from Idyll Farms in Northport. Read more here.
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