LONDON, October 7 -Hedge fund EDL Capital, which trades assets such as currencies and bonds based on global macro economic outlooks, has returned 29.86% so far this year, a source familiar with the
EDL Capital Hedge Fund Achieves Nearly 30% Growth by September
EDL Capital's Performance Overview
LONDON, October 7 -Hedge fund EDL Capital, which trades assets such as currencies and bonds based on global macro economic outlooks, has returned 29.86% so far this year, a source familiar with the situation told Reuters late on Monday.
Monthly Returns and Yearly Outlook
The fund, run by star trader Edouard de Langlade, a former member of Moore Capital, finished September up 2.64% for the month, said the source. The hedge fund is on track to deliver its best year ever, the source added.
Comparison with Industry Averages
The broader hedge fund industry is up 8.5% in the year to the end of September, according to hedge fund research firm, PivotalPath.
EDL's returns are ahead of an index tracking average returns of similar macro focused hedge funds. These posted a 0.9% return for September and are up 6.1% for the year to September-end, PivotalPath data shows.
(Reporting by Nell Mackenzie; Editing by Dhara Ranasinghe)
