(Reuters) The Probabilities Fund was supposed to take some of the risk out of the stock market. The $81.2 million mutual fund, backed by an eponymous firm based in San Diego, aims to have a double leveraged position in the U.S. stock market during periods when there is a high likelihood of further gains, and a portfolio all in cash during times it sees a high chance of losses.
What were the chances? US stock selloff sinks Probabilities Fund among others
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