Ex-Tennis Pro’s Hedge Fund, Backed by SoftBank’s Claure, Up 124%
- DPM, headed by JPMorgan alumnus Pedro Escudero, trounces peers
- SoftBank COO Marcelo Claure is among long-short fund’s backers
This article is for subscribers only.
It was a year of ups and downs for SoftBank executive Marcelo Claure, but at least one of his investments looks like a winner.
DPM Capital, a $160 million hedge fund that counts Claure as a backer and investor, surged 124% last year, according to a client letter seen by Bloomberg. The long-short equity fund trounced the S&P 500 Index four times over and left its hedge fund strategy peers -- which posted gains of 13% -- in the dust.