A Fund of His Own

A long in a boring insurer worked. A volatility hedge cost money for months before saving the fund during a regional bank scare. Ethan hated the phrase "risk-adjusted" when used as marketing, but he respected the math behind it. Media attention arrived after Ghostline published a report on a medical billing company that had inflated organic growth through acquisition coding tricks. The stock fell twenty-two percent. CNBC wanted Ethan. He declined. Bloomberg wanted Ethan. He declined. Sofia wrote a profile he almost refused until she promised not to use the words prodigy, mysterious, or revenge. The headline was worse: The Ghost Trader Builds His Own Shop.