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Robert Citrone’s Discovery Benefits from Negative Bets on Turkey, Italy

The macro specialist is also growing more concerned about the financial markets globally.

Jittery investors are generally spooked by the financial and currency crisis in Turkey. Robert Citrone of Discovery Capital Management is not.His volatile macro hedge fund, Discovery Global Opportunity Fund, has been short Turkey across asset classes. In the second quarter, the fund made money betting against equities, particularly financials, as

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