'Wizard of Oz' Greg Coffey's hedge fund has reportedly surged 29% this year, demolishing the broader market
Greg Coffey's Kirkoswald Asset Management has soared 29% year-to-date through October, according to Bloomberg, which cited an investor letter. That figure is 8 percentage points higher thanKirkoswald is a macro fund that makes bets on broad economic trends. The firm — which focuses on emerging markets — is outperforming peers this year that are struggling with historically low interest rates and a growing mountain of negative-yielding debt, Bloomberg found.
Further, the fund's returns are about five times the average of similar firms tracked by a Bloomberg Index. Coffey previously retired at 41 after being mentored by hedge fund legend Louis Bacon, who is planning to close his firm
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