“no, an institution or somebody that has some other…” — Chat With Traders at 13:56
“no, an institution or somebody that has some other portfolio that they want to protect, right? And so they would allocate some capital to Chris's fund as kind of the insurance policy. And in his fund, he broke it down to where they have one part that is the hedging, you know, or buy and put options at S&P or whatever…”
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