Hedge Fund Rangeley Capital Up 50% In Second Quarter

Jul 23 2009 | 2:24am ET

Rangeley Capital certainly had a quarter for the ages.

The two-and-a-half-year-old event-driven hedge fund soared 50.8% in the second quarter, the firm said in its first-half update to investors. And it needed to: Rangeley erased its first-quarter losses, and finished the first six months of the year up 15.7%, well above the average hedge fund, according to several hedge fund indices.

New Canaan, Conn.-based Rangeley was founded by former Mangan & McColl Partners analyst Christopher DeMuth, and launched its hedge fund in January 2007.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of