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Yes, one of the founders of Artemis says in this article that they had been positioning themselves for an event like the collapse of SVXY for a long time. Thie
by kaycebasques 9y ago
Yes, one of the founders of Artemis says in this article that they had been positioning themselves for an event like the collapse of SVXY for a long time.
Thiel Macro (Peter Thiel's personal investment firm) apparently was also well-positioned for the event.
https://www.theguardian.com/business/2018/feb/09/how-artemis-hit-bulls-eye-by-betting-on-stock-market-collapse https://www.theguardian.com/business/2018/feb/09/how-artemis...
https://www.zerohedge.com/news/2018-02-16/peter-thiel-makes-killing-massive-vol-spike-bet https://www.zerohedge.com/news/2018-02-16/peter-thiel-makes-...
- kaycebasques 9y agoP.S. that Guardian article is doing the typical sensational journalism thing of framing Artemis as profiting off of others' misery, and here's Artemis' official response: https://static1.squarespace.com/static/5581f17ee4b01f59c2b1513a/t/5a82f5b8419202b94d25fd61/1518532025573/Response+to+Guardian+Article.pdf https://static1.squarespace.com/static/5581f17ee4b01f59c2b15... I don't blame them for extrapolating the likely consequences of central bank recklessness, and positioning themselves accordingly.