HanKar Falls 1.5% In Q2

Aug 27 2012 | 12:41pm ET

HanKar Capital suffered a difficult second quarter but made it through the first half with gains.

The New York-based relative-value hedge fund, which has $25 million in assets, fell 1.56% between April and June, Opalesque reports. The fund remains up 3.81% on the year.

HanKar, founded last year by Matt Hansen, told clients that its returns had not been affected by the European debt crisis. In June, the firm hired Citadel Investment Group veteran Don Lee as chief risk officer.

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