(Citywire) The manager of a volatility fund that fell over 80% last week has liquidated all open positions in the strategy, which now sits in cash.The LJM Preservation & Growth fund hit headlines last week after it fell over 50% twice in two days, taking year-to-date losses to -82%, after its volatility strategy backfired dramatically when the Cboe Volatility Index (VIX) spiked….
PM Liquidates Positions In Vol Fund That Fell 80%
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