PSQR Management Records 80% Returns Year-to-date
|October 9th, 2009||
|PSQR Management, the hedge fund founded by former Paulson & Co. standout Paolo Pellegrini, announced year-to-date returns of 80% through July, according to Commodity Trader Alert. PSQR returned 65% in January alone when it successfully predicted that treasury prices would plummet. The fund, which follows a global macro strategy, was started in January 2009 and primarily bets on global economic trends.|
Mr. Pellegrini joined Paulson & Co. in 2004 where he helped engineer the firm’s legendary bet against the subprime-mortgage market. Pellegrini left Paulson at the end of 2008 and founded PSQR with his own capital. He plans to reach out to outside investors in 2010.
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