Looking back on Sabretooth’s sharp rates bet and Bruce Kovner’s Santa Barbara dreams

by Staff Writer

AR also revisits the liquidation of 360 Global.

One year ago
»» Sabretooth Capital Management, led by Erez Kalir and Craig Perry, netted 38% in 10 months betting on low U.S. interest rates through its $50 million Yin hedge fund.

That was pretty much the only good news for the Tiger seed, however, as its flagship macro fund collapsed 20.9% in 2011, compared with a 1.17% climb for the Absolute Return Macro Index. In April, Kalir and Perry told investors they had made the “painful decision to dissolve the fund” and all of their other strategies.

“The two of us have