This tiny hedge fund has an incredible track record, and outsiders can’t understand how

Andrew Beer provides skeptical comments on hedge fund highlighted in Business Insider that almost never loses money:

As for BlackBox, the performance is eye-catching, and it caught the people we asked about it by surprise. “Some of the best minds on Wall Street trade in these markets, and no one has figured out how to make 1,200 [basis points] over LIBOR and never lose money,” says Andrew Beer, managing partner at Beachhead Capital Management, an investment adviser.”

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September 22, 2016