Element Soars 17.5% in 2018 as Turmoil Hedges Pay Off
- Jeffrey Talpins’s macro hedge fund posted 4% gain during May
- Macro traders broadly are struggling amid uncertainty in Italy
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Jeffrey Talpins’s Element Capital Management made money last month, as markets were roiled by the political turmoil in Italy.
The $14 billion macro hedge fund rallied 4 percent in May, bringing returns for this year to 17.5 percent, according to a person with knowledge of the matter, who asked not to be identified because the information is private. The New York-based firm declined to comment.