Discovery Merges Three Hedge Funds

The remaining fund — Discovery Global Opportunity — was solidly back in the black after the second quarter.

Qilai Shen/Bloomberg

Qilai Shen/Bloomberg

Discovery Capital Management has consolidated its three core hedge funds into one.

The macro specialist headed by Tiger Cub Robert Citrone on July 1 shut down its Discovery Global Macro and Discovery Global Focus funds, moving all of that capital to its largest fund, Discovery Global Opportunity.

The

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

Related