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Investing Outside The Box With Shana Sissel

Lead-Lag Live

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Alternatives to Tail Events in Equities?

Most people think about alternatives as benefiting from tail events in equities. There are plenty of alternatives that have nothing to do with extremes in beta, but there are definitely alternatives that take advantage of anomalies. One of my favorite hedge funds ever was a firm called Everest Capital. Decades of amazing performance. And then in 2013, 2014, can't remember the year exactly. It was when I was at Fidelity and one of their PMs decided to make a fairly substantial bet on the Swiss Franc which blew up the whole firm.

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