Wednesday, 20 August 2014
Last updated 4 hours ago
Apr 24 2014 | 1:56pm ET
Discovery Capital Management’s March difficulties didn’t end with that month.
The South Norwalk, Conn.-based hedge fund’s losses extended into the first half of April, leaving the fund down 12% this year, Bloomberg News reports.
Discovery fell 9.3% last month, wiping out the $15 billion firm’s gains year-to-date. Founder Robert Citrone, a Tiger Management alumnus, blamed a “perfect storm” in March for the difficulties.
Unfortunately for Citrone, the squall has extended into this month: Discovery fell a further 4.9% through April 17.
Discovery returned 28% last year.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note