LONDON (Reuters) -Hedge fund EDL Capital, which trades assets like currencies and bonds based on global macro economic outlooks, has returned 22% so far in 2025, a source familiar with the situation said on Wednesday.
The $1.3 billion fund run by star trader Edouard de Langlade, a former member of Moore Capital, finished March up 14% after a February in which the fund returned 5.9%, said the source.
Volatile markets dominated March when 10-year German bonds suffered their largest weekly sell-off since 1990, the euro jumped with its largest monthly gain since March 2009 and when S&P 500 saw its biggest weekly fall in six months.
The broader hedge fund industry is up 1.3% this year to the end of February, according to hedge fund research firm, PivotalPath.
Hedge funds picking long and short stocks positions posted a negative 2.4% return in March, whereas systematic stock traders gained over 4%, Goldman Sachs said in a note to clients on Wednesday.
(Reporting by Nell Mackenzie and Carolina Mandl; Editing by Amanda Cooper)
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