[From The Archives] Century Partners 1970 Barron’s Interview — Part Three

Century Partners was, in many respects, one of the world’s most successful early hedge funds. The fund began its life during 1967, back in the day where running $20 million in private capital was a big deal. Between 1967, when the fund opened its doors for investment, and June 1970, every $1 invested in the fund had grown to $2.60 — a return of 160%. Over the same period, the Dow Jones Industrial Average lost around 20%. During June 1970, Century Partners’ investment managers, James Harpel, and Richard Hokin sat down with Barron’s for an interview on their style and how they went…