Kleinheinz Capital Bets Close to $1B Against German Bunds

  Kleinheinz Capital Management, a fund with close to $1.8 billion in assets under management, had a positive in June with a gain of 1.34% (and a negative 1.35% year to date) acording to sources familiar with the matter. The fund is down by 8.46% for the quarter to date. Kleinheinz is one of the most successful funds operating in the world today. It’s flagship fund, the Global Undervalued Securities Fund, has numbers to back that claim up.  Since its inception, the annual return from the hedge fund comes in at 21.46%, a number almost any hedge fund would be…