A New York Hedge Fund Is Having a Monster Month Thanks To Market Mayhem

(Business Insider) New York-based Capstone Investment Advisors, a $3.6 billion hedge fund, is having a huge month thanks to the market mayhem. Capstone, a volatility hedge fund founded by Paul Britton, runs a number of portfolio protection funds that seek to profit from wild moves in asset prices. One of the smaller funds in the firm’s tail risk strategy has delivered a 55% return so far this month, according to a person familiar with the fund’s returns.

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