Hedge Fund Not Happy With Travel Costs At Furniture Rental Store

Activist hedge fund Engaged Capital is having a good year. The hedge fund produced a return of 6.92% net for investors during the second quarter, taking the year-to-date returns to 7.04%. Average long exposure during the quarter was 85.26%, according to a letter to investors reviewed by ValueWwalk. Since inception (01/01/2014), the Engaged Capital’s Flagship Fund has produced a cumulative return of 58.71% net or 10.21% annualized compared to a return for the HFRI Event Driven Index of 5.79% per annum over the same period. [activistinvesting] Engaged runs a small-mid cap focused concentrated investment strategy with 78.6% of assets invested in eight core…