Hedge fund manager Robert Citrone (Getty)
As an emerging markets specialist, hedge funder Robert Citrone is used to eyeing distant shores for his next investment.
His bet on Compass — and by extension the U.S. housing market — hits a lot closer to home.
Citrone’s Discovery Capital Management is Compass’ second-largest shareholder, with a 9.2 percent stake, according to Compass’ S-1, filed this week ahead of its impending public offering.
Discovery’s investment was not previously reported, and the size of its stake is second only to SoftBank’s, which owns nearly 35 percent of the brokerage. The next biggest shareholders are co-founder Ori Allon, CEO Robert Reffkin and CTO Joseph Sirosh.