With hedge funds reporting losses left, right and centre, and many managers admitting to have given up this year’s gains, it is refreshing to find one that is enjoying its best year yet. Global macro fund Balestra Capital Partners is up a staggering 110% year to date. “It’s nice to be right,” says Ryan Atkinson, market analyst at Balestra Capital. “Of course, we’d like to be right in a more timely fashion but that isn’t always possible.”
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