Universa's Mark Spitznagel Explains The Paradox Of Higher Returns With Lower Risk

Universa Investments LP specializes in convext tail hedging and investing.

President and CIO Mark Spitznagel’s 20-year investment career has spanned from Morgan Stanley proprietary trader (head of equity options in the Process Driven Trading group) to partner and President at Empirica Capital LLC to independent pit-trader at the Chicago Board of Trade (the youngest local in the bond pit).