Key Takeaways
- • Edouard de Langlade's macro hedge fund, EDL, has posted a roughly 31% gain during what he describes as the best trading period of his more-than two-decade career.
- • De Langlade says bearish short bets on US stocks have been painful, offsetting part of the fund's performance.
- • The primary source excerpt is truncated, so details on specific positions, fund size, and exact short exposures cannot be confirmed from the available text.
Summary
Macro hedge fund manager Edouard de Langlade, founder of EDL, is in the middle of what he characterizes as the strongest trading stretch of his career spanning more than two decades. The fund has returned approximately 31%, according to the headline and the opening of the source article.
De Langlade acknowledges that his bearish wagers against US equities have been painful over the period. The gains from the fund's broader macro positioning have therefore been achieved despite losses on the short side of its US stock exposure, a tension the headline captures directly.
The available source text is limited, and the article's full discussion of individual trades, the size of the short book, and the fund's current outlook is not reflected in the excerpt. Readers seeking position-level detail should consult the original reporting.
De Langlade acknowledges that his bearish wagers against US equities have been painful over the period. The gains from the fund's broader macro positioning have therefore been achieved despite losses on the short side of its US stock exposure, a tension the headline captures directly.
The available source text is limited, and the article's full discussion of individual trades, the size of the short book, and the fund's current outlook is not reflected in the excerpt. Readers seeking position-level detail should consult the original reporting.
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