Nehal Chopra’s Hedge Fund Increases 19% YTD
Ratan Capital Fund, the hedge fund managed by Nehal Chopra, has increased 19 percent YTD after reporting 13 percent returns in February, according to two people familiar with the matter.
That followed a 22 percent advance in 2014 that trounced most hedge fund managers.
Chopra’s
$1 billion Ratan Capital Management, backed by billionaire Julian
Robertson, shifted into European stocks toward the end of last year, a
move other managers, including George Soros, made in anticipation that
the European Central Bank would boost stimulus as the U.S. withdraws.
European stocks have risen about 15 percent this year compared with 1
percent for the Standard & Poor’s 500 Index.
“The
dataset in Europe is slowly improving, earnings are being revised up
and investors are taking note,” according to Anthony Lawler, a money
manager at GAM Holding, which invests in hedge funds.
Ratan declined comment on the returns.
Chopra
was one of the top performing managers in February, the best month for
hedge funds since December 2010, according to Hedge Fund Research Inc.
The average fund rose 2 percent as global stocks, high-yield bonds and
oil rallied, and is now up 1.7 percent this year.
Source: Bloomberg
