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Rob Citrone

19 statements across 1 episodes · 5 bullish · 4 bearish · 1 people on the record · first statement Jul 11, 2022 by Rob Citrone · across every show →

On the record as a speaker too: Rob Citrone's record, appearances and statements → this page counts the times other people say the name.

Everything said about Rob Citrone, oldest first

Jul 11, 2022
Disclosure
Discovery Capital Credited Back Management Fees to Investors After Poor 2019
“The other thing we did in 19, we thought we had a really bad year. We gave back our fees to our investors. I basically said, look, I think we just did a lousy job. I feel terrible about that. I don't feel like I earned any of my fees. Anybody who stays, I'm go…”
Rob Citrone Jul 11, 2022 ▶ 43:01 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022 positive
Assertion Supported
Citrone: Discovery Made Back All Investor Losses and More Within Two Years
“Instead of closing down, I think we distinguished ourselves by sticking with our investors. We made their money all back. And more in less than a two year period.”
Rob Citrone Jul 11, 2022 ▶ 43:13 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022 bullish
Prediction Not checkable as stated
Citrone: Macro conditions favor shorting individual stocks for a while
“You don't see as many people shorting individual stocks, but I think now is the time to be shorting individual stocks. It has been for the last few months, and I think that's going to continue for a while.”
Rob Citrone Jul 11, 2022 ▶ 21:04 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022 negative
Opinion
Citrone: Shutting down a fund during downturns betrays investor trust
“I really value the track record, the integrity, and the trust that investors have placed with me for so many years. I just think that would be so disappointing to fold up shop during difficult times.”
Rob Citrone Jul 11, 2022 ▶ 43:47 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022
Disclosure
Discovery Holds 120 to 150 Positions Across 10 Macro Themes
“We have probably about 10 themes on at a time, and then each of those themes may have 10 to 15 positions, so we're between a 120 to a 150 positions.”
Rob Citrone Jul 11, 2022 ▶ 34:09 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022 positive
Insight
Funds Must Consult External Contacts to Prevent Internal Groupthink
“I think it's really important to try to not get groupthink within the organization to be thinking and talking to people outside the organization that also look at these markets and these positions and see what they think and what's their view and how are we di…”
Rob Citrone Jul 11, 2022 ▶ 37:35 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022
Assertion Not checkable as stated
Very Few Hedge Funds Hold Discovery's Top 10 Positions
“Now, when I look at my portfolio, our ideas are so different than other people's ideas. I've went through my top 10 longs. Very few hedge funds would have any of the names I have in the top 10. The same thing on the short side.”
Rob Citrone Jul 11, 2022 ▶ 39:03 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022 bearish
Disclosure
Citrone Will Never Allow Discovery Capital to Return to $15B Peak AUM
“I'll never get back to that kind of size. It's just too large in these markets.”
Rob Citrone Jul 11, 2022 ▶ 35:47 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022
Disclosure
Citrone Has Woken Up at 3:00 AM Nightly for 23 Years
“So we have a 24 hour trading desk. I get woken up at three o'clock in the morning every night and have for 23 years. I see the close of Europe. I see the open of Asia. It really gives me an edge. I can feel what the markets are doing a little bit. We do some t…”
Rob Citrone Jul 11, 2022 ▶ 37:07 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022 bearish
Prediction Partly held up
Turkey Is the World's Best Short; CDS Will Top 1,000 Bps
“We think maybe the best short in the world is Turkey right now. Turkey CDS has gone from about 400 over now to 800 over. We think it's going well over a thousand. The country is going to experience a traditional currency and credit crisis as we've seen in EM w…”
Rob Citrone Jul 11, 2022 ▶ 23:32 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022
Insight
The Best Shorts Have Flawed Business Models or Face Bankruptcy
“I think the best shorts are ones where there's either a fundamental flaw in the business model or is ultimately going to go bankrupt.”
Rob Citrone Jul 11, 2022 ▶ 20:34 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022
Disclosure
Discovery Will Hit 25% Net Short When Expressing Severe Macro Concern
“Well, we'll get to 20, 25% net short if we really get incredibly concerned.”
Rob Citrone Jul 11, 2022 ▶ 34:33 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022 neutral
Disclosure
Discovery Capital Launched With $5M, Including $4M of Citrone's Own Capital
“We started the fund with five million dollars with one million of fee payment. Four of it was mine.”
Rob Citrone Jul 11, 2022 ▶ 35:26 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022
Disclosure
Citrone Managed Capital for the Soros Family for Over 20 Years
“I also managed a lot of money for the Soros family for over 20 years. And I used to speak to George very frequently the first five years or so, almost every day.”
Rob Citrone Jul 11, 2022 ▶ 14:34 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022 positive
Insight
Three-and-a-Half Hours of Undisturbed Sleep Beats Seven Interrupted Hours
“The key is the first three and a half hours that you sleep. So I always try to get to bed before 1130, because you need that first three and a half hour REM sleep. If you get that three and a half hour REM sleep, studies have shown that you'll be much more res…”
Rob Citrone Jul 11, 2022 ▶ 41:32 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022
Assertion Not checkable as stated
Soros Called Gordon Brown to Pitch Citrone's Eastern Europe Rescue Plan
“George said, what do you think is the big next problem? And I said, George, there's a big problem in Eastern Europe. And if Eastern Europe comes down, then Western European banks are going to go down, and then it's just going to cascade this crisis everywhere.…”
Rob Citrone Jul 11, 2022 ▶ 15:57 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022 bearish
Prediction Not checkable as stated
China Will Become Uninvestable If Xi Retains His Current Advisors
“If he stays in power, which it looks like he's going to, and he's got the same people around him, the same advisors, I think China is going to ultimately become an uninvestable market.”
Rob Citrone Jul 11, 2022 ▶ 25:00 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022
Disclosure
Discovery Capital Generates 80% of Ideas From Top-Down Macro Analysis
“And I would say that we generate probably 80% of our ideas from our macro side of things, but then we can populate them with securities that are much more efficient using the bottom-up analysis.”
Rob Citrone Jul 11, 2022 ▶ 21:37 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
Jul 11, 2022 positive
Disclosure
Citrone Personally Funded Discovery Capital to Support Organization During Asset Contraction
“I had to take a lot of money out of my own pocket to support the organization for the last couple of years, but I'm glad I've done it.”
Rob Citrone Jul 11, 2022 ▶ 42:40 Rob Citrone – Emerging Markets, Hedge Funds, and Staying in the Game (Capital Allocators, EP.261)
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