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Robert Citrone's Discovery Faces Another Round of Sharp Redemptions

The Tiger Cub, whose assets have declined by nearly $10 billion over the past four years, is hoping a massive gain in May will convince some investors to cancel their notices.

Robert Citrone's Discovery Capital Management continues to pay a hefty price for its recent performance woes.The Tiger Cub's macro and long-short equity firm has received redemption notices for more than $1.5 billion for the quarter ending in June, according to people with knowledge of the situation. Discovery has semi-annual liquidity,

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