Monday, 22 December 2014
Last updated 1 hour 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.