Uploaded June 2026 | Updated September 2026, 2 weeks ago

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The biggest trades aren't built on certainty.

They're built on conviction.

The fund had $3 billion in assets.
But the conviction was so strong that they built a position with $50 billion of notional exposure through options on European interest rates.

🎙️ Clip from a longer podcast discussion:
youtu.be/LhllldUkiJU?si=JYlP03LisvkWSrsW