Discovery Capital Management

May 27, 2015  

Renowned Tiger Cub Robert Citrone's Discovery Capital Management blew its hedge fund competitors out of the water in 2013. It was one of the world's top-performing hedge fund managers for the year, a feat in itself in what proved to be a dreadful year for macro funds, and was the front-runner in the smaller league of Tiger Cubs. Investors credit short bets against emerging-markets economies early last year for the firm's outstanding gains. In the third quarter three of Discovery's four largest new positions were exchange-traded funds. Apple and Google were also among its top ten holdings…

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