Greg Coffey, the Australian hedge fund star once nicknamed the “Wizard of Oz”, has emerged as one of the big winners in this month’s markets sell-off, according to three people familiar with the situation.
Kirkoswald Capital, the firm Coffey started in 2018 after coming out of retirement and which now manages about $8bn, has made hundreds of millions of dollars in the recent market turmoil, two of the people said.
The firm was positioned for a slowdown in the global economy and an increase in volatility, the people added. Kirkoswald declined to comment.
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