The fund has been closed for over 10 year. It has been ruled out. Will there be another back swan? I am sure there will be, but when is anybody's guess.
The new fund will open up after the next Black Swan and bleed more sucker's money as he collects fees and wash rinse and repeat. The market can remain RATIONAL a lot longer than a Black Swan fund can remain solvent.
He is the figurehead of Universa. A tail fund that misrepresents their returns in the public press very aggressively.
I googled for a while but could not find Universa's returns anywhere. I'm sure an investor would have to leak it for it to be known. All we know is that they are up big on down days but probably have bled money during these up years considering they said the market was overvalued 50% before it ripped another 50% (ouch). Shorting is such a tough game there is a reason why the billionaires are all long investors.
The only time you hear about their returns are in fluffy financial news articles that read more like PR pieces after market swoons.