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Greg Coffey’s Hedge Fund Grows to $4 Billion After 23% Gain Last Year

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Coffey, 50, who focuses mostly on emerging markets, was one of the best-performing macro traders last year when some rivals were slammed by volatility in developed market bonds. Macro hedge funds ended the year up just 6%, data compiled by Bloomberg show, while investors pulled $6.7 billion from the strategy in the year through November, according to data compiled by eVestment.