Monday, 2 March 2015
Last updated 2 hours ago
May 20 2011 | 1:12pm ET
Rangeley Capital had an impressive first quarter. But its April put even that in the shade.
The New Canaan, Conn.-based event-driven fund soared 11.9% last month, bringing its year-to-date total to 18.1%. That makes it one of just a few hedge funds beating the Standard & Poor's 500 Index on the year, in Rangeley's case handily: The broad market index is up 9%.
The average hedge fund, by contrast, has returned only about one-third of that.
Rangeley was founded four years ago by former Mangan & McColl Partners analyst Chris DeMuth and former satellite communications executive Richard Townsend.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…