(Reuters) One of Europe’s biggest hedge funds betting on currencies and fixed income has passed the $5 billion milestone for assets and looks set to post another peer-beating year, an investor letter seen by Reuters said. The Stone Milliner Macro Fund, run by Anglo-Swiss hedge fund firm Stone Milliner, has seen its assets rise strongly since being seeded with capital from U.S.-based hedge fund Moore Capital in 2012, and added a further 1.3 percent in October.
While its rapid ascent still leaves it some way behind $20 billion regional leader Brevan Howard, the firm, managed by co-Chief Investment Officers Jens-Peter Stein and Kornelius Klobucar, is up 4.77 percent for the year against 1.04 percent for its average peer, data from industry tracker HFR showed.
