Citrone’s Discovery Rebounds Sharply in January

The macro-oriented firm reversed a losing streak thanks in part to savvy bets on Brazil.

Illustration by II

Illustration by II

Robert Citrone’s Discovery Capital Management posted strong gains in its two main macro funds in January — a welcome reversal for a firm trying to rebound from a double-digit loss last year.

The firm’s flagship Discovery Global Opportunities fund surged 8.22 percent in January, while its Discovery Global Macro fund gained around 8 percent for the month, according to an investor.

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