Kingstown Capital Up 10.6% YTD; Fund Buys RGS, VRNT, BKS and CMVT

Kingstown Capital is a New York-based, value oriented hedge fund. It reported -0.7 percent return in the second quarter, and 10.6 percent  year to date. The firm has yielded average annual returns of 13.9 percent since its inception. Kingstown Capital has invested 63 percent of its money in US and international equities, 15 percent in credit, and another 8 percent in hedges. The firm says that the US share market has been negative on global economic recovery and European debt crisis. However, market did recover a bit when the conservative party won the Greek elections in June, and reaffirmed that Greece…