'Black Swan' Hedge Fund Posts 4,000% Profits During COVID-19 Market Crash: Here's How
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2025
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Source: Benzinga
Universa Investments' Success: Led by Mark Spitznagel, Universa Investments achieved a remarkable 4,144% return in a single quarter during the COVID-19 market crash, utilizing a tail-risk hedging strategy to profit while broader markets declined.
Understanding Tail-Risk Hedging: Tail-risk hedging is an investment approach designed to protect against extreme market downturns, often involving financial instruments like put options and credit default swaps, with ETFs such as Cambria Tail Risk ETF and ProShares Trust Ultra VIX providing exposure to this strategy.
Analyst Views on TAIL
Wall Street analysts forecast TAIL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TAIL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 11.395
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Current: 11.395
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
