Robert Citrone’s Discovery Cashes in on Bearish Bets

The macro hedge fund is riding strong gains since mid-year thanks to savvy wagers against Italian fixed income and other instruments.

(Alex Kraus/Bloomberg)

(Alex Kraus/Bloomberg)

Macro hedge funds are finally getting a reprieve, between the bond market selloff and overall financial market volatility — two events that help these managers generate positive returns.

One person who is likely feeling relieved — at least for the time being — is Robert Citrone, the head of hedge fund firm Discovery Capital Management.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.