Discovery’s Defensive Playbook Pays Off Despite March Loss

The Tiger Cub’s active hedging and currency trades softened the blow from a volatile March.

Stephen Taub April 13, 2026

Discovery Capital Management’s three-year surge took a breather last month.The hedge fund headed by Tiger Cub Robert Citrone reported a 4.1 percent loss for March, according to its latest monthly client letter, obtained by Institutional Investor. Even so, the fund climbed 5.7 percent for the

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