DISCOVERY CAPITAL MANAGEMENT, LLC / CT

Discovery Capital Management is a hedge fund sponsor based out of South Norwalk, Connecticut. The company was founded in 1999 and currently operates as a subsidiary of Direct Access Group, LLC. Discovery Capital Management conducts its research both internally and externally, utilizing a fundamental analysis both top down and bottom up stock picking approaches to make its investment decisions. The company invests in the public equity, alternative, and fixed income markets on a global scale, investing primarily in companies that operate in emerging markets. Discovery Capital Management invests most heavily in the information technology sector, which alone makes up almost a third of its total asset allocations, and also invests in the consumer discretionary, finance, health care, energy, and consumer staples sectors, among others to a lesser degree, in order of decreasing amount allocated. The company is headed by president Stephanie Erecegovic and currently has 87 employees which includes 44 investment professionals. Discovery Capital Management is owned by its employees, with Robert Kenneth Citrone owning the controlling majority in the company and Harry Frederick Krensy making up the next largest holding with the remaining holdings split amongst David Yongbum Chon and various other key executives. The company currently has over $31 billion in total assets under management spread across 14 accounts, all of which are discretionary. Although its total number of accounts has not significantly changed in recent years, its total assets under management has increased by a significant amount, growing from $12.6 billion back in 2010 to well over twice that amount today, although a step down from its $37.5 billion in total assets under management a year ago. Discovery Capital Management provides a variety of services related to the launching and management of hedge funds for its clients and the firm caters almost exclusively to pooled investment vehicles.