Hedge Fund News From HedgeCo.Net

Citrone’s Discovery Strikes a Comeback With Italian Short Wager

(Bloomberg) Rob Citrone is seeing a comeback in his hedge fund Discovery Capital Management after profiting last month from the market turmoil in Europe. His main fund surged 10.6 percent in May, paring losses this year to about 2 percent, according to a person with knowledge of the matter. The fund had been down about 11 percent until May’s rebound and lost about 8 percent last year, said the person, who asked not to be identified because the matter is private. Citrone’s Global Macro fund erased losses this year after gaining about 13 percent in May.

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