Rob Citrone’s Discovery Macro Hedge Fund Soared 48% Last Year
- Wagers in Latin America and on US credit pay off for firm
- Hedge fund had posted a 29% loss in the previous year
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Discovery Capital Management’s macro hedge fund surged 48% last year, becoming one of the best performing money pools in a challenging period for peers betting on economic trends.
Led by Rob Citrone, the $1.5 billion fund’s gains were driven by its long bets on equities and sovereign bonds in Latin America, US credit as well as long and short wagers on financial stocks, a person with knowledge of the matter said, asking not to be identified because the details are private.