Ex-Credit Suisse Trader’s Hedge Fund Said to Gain 20% This Year

(Bloomberg) Former Credit Suisse Group AG proprietary trader Charlie Chan’s macro hedge fund has returned more than 20 percent so far this year as bullish bets on Asian equities and currencies paid off, according to people familiar with the matter. The $127 million Splendid Asia Macro Fund made 19 percent in January and February, according to a newsletter seen by Bloomberg. Additional gains in March took the fund’s returns this year above 20 percent, said the people, who asked not to be identified because the information hasn’t been publicly disclosed.

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