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Hedge Funds

PruLev Hedge Fund Soars 9.5% In January, Bets On Trump Stance

by bloomberg.com posted 1year ago 373 views
The PruLev Global Macro Fund, among Asia’s top-performing hedge funds, advanced 9.5 percent in January and is betting on what it calls Donald Trump’s “pragmatic and pro-business stance.” Last month’s return brings the fund’s three-year gain to a cumulative 332 percent, according to preliminary figures in a newsletter, making it the best-performing fund betting on macroeconomic developments during that period, according to data compiled by Bloomberg. U.S. President Trump’s decision to withdraw from the Trans-Pacific Partnership will open investment opportunities through changes to trade alliances and agreements, PruLev said in the newsletter. “The fund has positioned itself to benefit from...