Rangeley Capital Gains 73% in 2009
Rangeley Capital, a hedge find that specializes in event-driven strategies, posted a 73.6% return last year, according to FINalternatives. The firm’s portfolio of between 15 and 20 companies focuses on mispriced securities and corporate events. Rangeley charges 1.5% for management, 20% for performance and a $1 million minimum investment.
Founded three years ago, New Canaan, Conn.-based Rangeley is seeking outside investors for the first time and is raising funds by targeting family offices and individual investors. The fund will close at $100 million.
