Horseman Capital co-founder throws in the towel

``While markets around the globe took off in March, the 51-year-old executive remained focused on economic obstacles large enough to derail the recovery train. As a result, he stayed short in his flagship $3.5bn (£2.1bn, €2.3bn) Horseman Global Fund, which is known for making directional bets. Buffeted by logic-defying gains in markets, his fund lost 23 per cent during the January-October stretch.''