Balestra shines during a tough January

Fri Feb 22, 2008

January was a tough month for hedge fund managers across the board, which makes Balestra Capital Partners’ return that much more impressive.

Last month, James Melcher’s $450 million global macro fund climbed 9.7%, following an astonishing gain of almost 200% earned last year by shorting subprime. By comparison, the Absolute Return Macro Index returned a paltry 0.08%, and...

ISSN: 2151-1845 / CDC10004H

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