We have just finished our newest investor study on tail risk funds. You can see an excerpt below (full booklet).Tail risk funds represent a small niche of the hedge fund industry, and there are a few different types. They essentially serve as insurance for your portfolio. They lose money most of the time, but when there is a tail risk event, they rise quite a bit when the rest of the market crashes down hard and fast.Q2 2020 hedge fund letters, conferences and moreWhat Is Tail Risk?Tail risk funds hedge against tail risk, which is a type of portfolio risk that appears when there is a significa…