An alternative investment manager dubbed “ 50 Cent ,” who had been reported to be accumulating a large position in CBOE VIX options used to hedge against stock market volatility, has been doing so as a regular course of action, according to a source familiar with the matter who spoke to ValueWalk on the condition of anonymity. But the VIX options are not their only form of hedging protection. The hedge is reported to have cost $89 million on the strategy, but Ruffer continues in an uncertain market environment. Hedges are typically offset by exposure in negatively correlated assets such...