This ‘black swan’ fund took a 25% loss from a stock- and bond market storm you'll rarely see

Today in Wall Street irony comes the news that a fund set up to protect investors from so-called black swan events has just been hammered by … well, by a type of market “swan” that even it didn’t predict. A pink swan? An orange swan? A piebald swan? You make the call. The fund in question is the…

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