(Bloomberg) Jeffrey Talpins’s hedge fund Element Capital Management jumped 10 percent in January, extending gains from 2017 on the back of investments in equity and interest rate markets, according to a person with knowledge of the matter. The $12.5 billion macro hedge fund revamped its portfolio in late 2017 on a wager that an overhaul of U.S. tax laws would pass. That allowed it to take advantage of the surge in equity markets, which helped erase previous losses and led to a gain of 5.5 percent on the year, said the person, who asked not to be identified. Element, which focuses on macroeconomic trends in developed markets, has had annualized gains of 20 percent since it began trading in 2005.
This $12.5 Billion Macro Hedge Fund Is Totally Killing It
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