Maglan Capital Up 47% YTD, Proving Size Doesn't Matter

Just the other day, we were saying that the idea that small hedge funds are barely making ends meet is kind of delusional. As it happens, we have a $60 million hedge fund (as of Nov 2013) that is beating the high watermark with careless ease. Maglan Capital has gathered a 47.28% return for the year so far after adding a 5.3% gain in November. Maglan Capital: Highest return since inception As per a survey conducted by Citi, hedge funds with less than $300 million under management would narrowly cover their expenses from the 2% management fee they charge, due…