EDL Capital, the London-based global macro hedge fund led by Edouard de Langlade, has posted a 29.9% return year-to-date through September, putting it on track for its strongest annual result to date, according to a report by Reuters.
The report cites an unnamed source familiar with the fund’s performance as revealing that the fund, which trades currencies, bonds, and other macro assets, gained 2.6% in September, extending a robust run of performance that has significantly outpaced both industry benchmarks and macro strategy peers.
By comparison, the broader hedge fund industry gained 8.5% in the nine months to September, according to data from PivotalPath, while macro-focused peers returned an average of just 6.1% over the same period.
De Langlade, a former Moore Capital trader, is well known for his discretionary macro approach, positioning the EDL fund to benefit from global interest rate divergences and currency market volatility.
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