Tuesday, 4 August 2015
Last updated 18 hours ago
Apr 7 2014 | 9:08am ET
Hedge fund billionaire Robert Citrone was probably glad to turn the calendar page after a brutal March for his flagship funds.
Citrone's Discovery Global Opportunities Fund was down 7.46% in Q1 and his Discovery Global Macro Fund down 9.17% after each fell some 10% in March, according to Forbes.
It's a sharp reversal for Citrone, who was one of the few hedge fund managers to give the S&P 500 a run for its money in 2013, returning about 27%.
Citrone—one of Julian Robertson of Tiger Management's famed 'Tiger cubs'—launched Discovery Capital Management in 1999. His worst year—2008—saw his Discovery Global Opportunities Fund shed 33% while his Discovery Global Macro Fund was down slightly in 2011.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…