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Assets Fall at Robert Citrone’s Discovery Capital Management
The Tiger Cub’s AUM has fallen significantly, though performance isn’t entirely to blame.
Easy come, easy go. Robert Citrone’s Discovery Capital Management is the latest high-flying hedge fund firm to suffer major redemptions. The South Norwalk, Connecticut–based Tiger Cub posted a large asset decline following two years of negative returns, though the asset declines were not large enough to account for such a big difference.
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