(Bloomberg) Hedge fund manager Guillaume Fonkenell is returning profits to investors from his $5 billion macro fund after it beat rivals this year. The Pharo Macro Fund, which climbed about 12 percent in the first half, will return those gains to clients on Sept. 1, Fonkenell said in an email. His firm told investors that the peak capacity for the trading-oriented fund was between $4 billion and $5 billion, and it stopped accepting new money three years ago, Fonkenell said.
Macro Hedge Fund to Return Profits to Clients After Surging 12%
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