Citrone's Funds Take March Beating

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.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note