Mark Spitznagel, president and chief funding officer of Universa Investments LP, speaks all through the Bloomberg Make investments Summit in New York, U.S., on Wednesday, June 7, 2017.

Misha Friedman | Bloomberg | Getty Pictures

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The founding father of Universa Investments, which scored a 4,000% return inside the first quarter, knowledgeable CNBC on Monday that the coronavirus catastrophe has exemplified the mission of his hedge fund.

“This environment could also be very quite a bit the surroundings,” Mark Spitznagel talked about in an interview with Leslie Picker on “Squawk on the Street.” “We’re in a boom-and-bust cycle, an epic, monumental boom-bust cycle and that’s truly what a way like Universa’s is true right here for.” 

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