Hedge Fund Bears Lead the Pack in Volatile Market

Bearish hedge fund managers are now making their biggest gains ever since the collapse of Lehman Brothers.
Only a handful of hedge fund managers have made money in May and June, when many of the industry’s biggest names were caught out by a sharp rise in market volatility.
According to an investor in the fund, it is indicated that the $1.7 billion macro fund run by former Lehman trader Robert Gibbins–Autonomy Capital, is up by 17% so far in 2010. The fund has profited from short positions against the euro and European sovereign credit.
Other large funds to have done well include the $7bn BlueCrest Capital International.