Mark Spitznagel Universa Bio Wiki Age Height Wife Book Portfolio and Net Worth
Mark Spitznagel is a famous American investor and hedge fund manager. He is the CEO, founder, and owner of Universa Investments, a hedge fund management firm based in Miami. In addition, he established the Empirica Capital “tail-hedging” fund along with author and financial mathematician Nassim Nicholas Taleb in 1999.
He was born in Ann Arbor, Michigan, in theUnited StatesonMarch 5, 1971. Spitznagel is52 years oldand celebrates his birthday every year on March 5.
He is a man of average stature. Spitznagel stands at a height of5 ft 7 in( approx. 1.7m ).
He was born in Ann Arbor, Michigan, in the United States to his devoted parents. Spitznagel holds American nationality. He is the son ofLynn Edward Spitz-NagelandLynn. His father served as minister of a small United Church of Christ congregation. His mother took care of Spitznagel and his brotherEric. Spitznagel was apprenticed by 50-year veteran corn and soybean trader Everett Klipp when he was 16. He became an independent pit trader at the Chicago Board of Trade and later a proprietary trader at Morgan Stanley in New York.
He is married to his supportive wifeAmy Spitznagel. She works on the marketing and distribution of the cheese. The couple are parents of two children sonTeddyand sonSilja. He bought Idyll Farms in 2012 and expects his children will work on the farm. The Farm in Michigan pastures dairy goats and produces artisanal chèvre.
He is an undergraduate degree from Kalamazoo College. Spitnagel later enrolled at New York University where he graduated with a degree in mathematics from the Courant Institute of Mathematical Sciences. In addition, he is also reportedly flies planes and practices Ashtanga yoga.
In August 2021, he published Safe Haven, a book about Investing for Financial Storms. He answers questions on investing and portfolio risk mitigation in the world. The book helps investors never look at risk mitigation the same way again. Additionally, the book contains 208 pages published by Wiley, and it is available on Amazon as Kindle at $17.00 and Hardcover from $22.10 to $24.47.
Spitznagel splits his time between his Miami office and Michigan, where his family lives. He sold his moat-surrounded house in Bel-Air for $10 million in 2013. He bought the compound from dancer-singer-actress Jennifer Lopez and her then-husband, singer Marc Anthony, in 2009 for $6.2 million. Bel-Air sits on about three-quarters of an acre and has five fireplaces, hardwood and antique French stone floors, and a balcony looking out over the back lawn. In addition, it contains five bedrooms and nine bathrooms in 7,357 square feet.
Spitznagel is the founder, owner, and also CEO of Universa Investments, a hedge fund management firm based in Miami. He founded the firm in January 2007 with Nassim Nicholas Taleb acting as its advisor. Before, the two ran Empirica Capital, a hedge fund that closed in 2004 due to subpar returns. Moreover, Universa was launched with $300 million under management and traded out of a small office in Santa Monica.
He stated that investment strategy is focused on risk mitigation in portfolio construction, and is intended to allow his clients to take more systematic risk. He is however dismissive of Modern Portfolio Theory, specifically its emphasis on correlations and mean-variance. Moreover, he lowers what he calls the “volatility tax” paid by investors—”the hidden tax on an investment portfolio caused by the negative compounding of large investment losses.”
His Universa Investments management firm based in Miami has a portfolio of holdings, SEC Filings which include 13F quarterly reports and 13D/G events. The latest 13f’s of the firm are available at aum13f.com.
He wrote to investors this week obtained by Bloomberg stating, “It is objectively the greatest tinderbox-timebomb in financial history greater than the late 1920s, and likely with similar market consequences.” Moreover, he added new fiery rhetoric around global debt levels. The Universa’s strategy could have a 402% average return on invested capital if the S&P 500 drops 10% in a month according to him.
In 2013, he authored a book, The Dao of Capital. The book provides a rare and accessible look through the lens of one of today’s great investors to discover a profound harmony with the market process. The book contains 368 pages available on Kindle at $18.00 and on hardcover at $29.95.
Spitznagel said that investors should expect inflation to be ‘elevated forever’ as he calls the Fed’s bluff on raising rates enough to tame it. He also stated that investors should avoid classic diversification strategies.
He bought Idyll Farms in 2012 and expects his children will work on the farm. The farm is a pasture-based goat farm and creamery in Northport that pastures dairy goats and produces artisanal chèvre.
Spitznagel is a 52-year-old American investor and hedge fund manager who serves as CEO, founder, and owner of Universa Investments. From his investments, he has earned a net worth of$250 Million.
Spitznagel is a 52-year-old American investor and hedge fund manager with a net worth of $250 Million. He is the CEO, founder, and owner of Universa Investments, a hedge fund management firm based in Miami. In addition, he established the Empirica Capital “tail-hedging” fund along with author and financial mathematician Nassim Nicholas Taleb in 1999.
Spitznagel is 52 years old born in Ann Arbor, Michigan, in the United States on March 5, 1971.
He has a self-described investment strategy that is focused on risk mitigation in portfolio construction. He invests by owning far out-of-the-money put options on stocks.
