Raging Capital: Down 10.6% For 2015, Hopes To Gain On Biotech Shorts

Activist hedge fund, Raging Capital Management, managed by William C Martin, lost -6.5% net of all fees and expenses during the fourth quarter. For the year ended December 31, 2015, the fund had a net loss of -10.6%, according to a letter to investors reviewed by ValueWalk. By comparison, the S&P 500 Total Return Index gained 7.0% during the fourth quarter, and the HFR Hedge Fund Index increased 0.8%. For the year to December 31, 2015, the S&P 500 Total Return Index rose 1.4%, and HFR lost -2.3%.   Raging Capital: A Lesson In Small-Cap Activism Since inception (April 2006) the Raging…