(Bloomberg) Paul Brewer’s Rubicon Fund Management gained almost 20 percent in its main hedge fund in the first 18 days of November to reverse losses earlier in the year, according to a person with knowledge of the matter.
The Rubicon Global Fund, which bets on macro economic trends, was down about 15 percent in the first 10 months of the year and managed about $600 million at the end of October, the person said, asking not to be identified because the information was private. November’s gains lifted the flagship fund’s return this year to 1.3 percent, the person said. A spokesman for the London-based money manager declined to comment.