(Bloomberg) A hedge fund that reaped an outrageous gain in February’s vol-mageddon is eyeing a fresh target. Houndstooth Capital Management LLC secured a 6,000 percent return from a bearish bet on an exchange-traded product tied to calm markets. Now, the $7.5 million fund sees trouble in an ETF designed to profit from the opposite — turbulence in stocks.
Hedge Fund That Made 6,000% on VIX Jump Bets on Next Blow-Up
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