A fund nicknamed '50 cent' made $2.6 billion hedging the coronavirus sell-off
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A fund nicknamed "50 cent" made $2.6 billion hedging the market meltdown, the Financial Times reported.

London-based Ruffer invested $22 million in VIX derivatives that surged in value to more than $800 million during the coronavirus sell-off.

Ruffer also made $1.3 billion from credit derivatives, $350 million from S&P 500 and Euro Stoxx put options, and $145 million from gold hedges.

"We have performed in a lackluster way for years and part of the reason...

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