June 1 (Bloomberg) -- Universa Investments LP, the hedge- fund firm advised by “Black Swan” author Nassim Taleb, is adding a new strategy, betting that government efforts to pump money into economies around the world won’t prevent deflation or could result in hyperinflation.
Universa manages $6 billion under investment chief Mark Spitznagel, offering funds and accounts wagering on extreme market moves. The Santa Monica, California-based firm is investing client funds on the premise that no one knows where inflation is headed, Taleb said in an interview today.
“Policy makers have no control over the outcome of their actions,” Taleb said. “The plane they are flying will either hit the mountain, which is hyperinflation, or crash in the ocean, which is deflation. There is a chance of the pilot hitting the runway. But if he’s not skilled, it’s less than he thinks.”
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aDVgqxiT9RSg
No comments:
Post a Comment