Hedge Funds

Hedge fund Discovery Capital extends year-to-date returns to almost 18%

The Discovery Global Opportunity fund rose 4.2% last month

Rob Citrone’s hedge fund has notched up gains of 17.5% so far this year
Rob Citrone’s hedge fund has notched up gains of 17.5% so far this year Photo: Patrick McMullan via Getty Images

Rob Citrone’s macro hedge fund Discovery Capital Management has extended its double-digit returns this year, helped by a performance bump during July.

The Discovery Global Opportunity fund has gained 17.5% this year through 31 July, recording a 4.2% return last month, according to people familiar with the matter.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink