Thursday, 30 July 2015
Last updated 1 hour 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…