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Greg Coffey’s Hedge Fund Grows to $4 Billion After 23% Gain Last Year

  • Kirkoswald expands after launching in 2018 with $500 million
  • Macro hedge funds made 6% last year, suffered net outflows
Greg Coffey
Greg CoffeyPhotographer: Ian MacNicol/Getty Images

Trading veteran Greg Coffey came out of retirement to start a hedge fund -- and it’s paying off.

His Kirkoswald Global Macro Fund soared 23% in 2021, well ahead of peers, according to a person with knowledge of the matter. The returns helped lure more clients and grow assets to about $4 billion, up from about $500 million in 2018 when it started trading, the person said, asking not to be identified because the information is private.