Raging Capital Hopes To Profit On Biotech Crash

Activist hedge fund, Raging Capital Management, managed by William C Martin gained 0.8% net of all fees and expenses during the second quarter. Year to date the fund is up 1.8% net, according to a letter to investors reviewed by ValueWalk. Since inception (April 2006) the Raging Capital Master Fund — Series B has returned 620.6%, a compound annual growth rate of 23.8%, compared to the S&P 500’s total return of 94%, a CAGR of 7.4%. The Master Fund has approximately $650 million in assets under management. Raging Capital: Market currents In Raging Capital’s second quarter letter to investors, the fund weighs…