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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of