Robert Citrone’s Discovery Capital Scores a Three‑Year Run of Outsized Returns

Discovery gains almost 40 percent in 2025 — its “slowest” year of the past three — as AI, Nigeria, and Latin America drive performance.

Stephen Taub January 22, 2026

Discovery Capital Management has been one of the hottest hedge funds over the past three years. The Tiger Cub led by Robert Citrone finished 2025 up 36.8 percent after posting a 4.8 percent gain in December, according to last month’s client letter, obtained by Institutional

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