(Valuewalk) <\/p>\n
When looking at Raging Capital\u2019s second quarter letter to investors \u2013 and reviewing their background \u2013 one gets the sense they are different.With the S&P 500 up near 3.8% as of the July 14 investor letter, Raging Capital Fund (QP) Series B was up 14% year to date. But its more than beating the S&P 500 or even the HFR Hedge Fund Index \u2013 down -3.9% over the same period. Raging Capital\u2019s Rocky Hill, New Jersey-based Chairman and Chief Investment Officer William Martin of the famous activist fund thinks differently. It can be seen in his letter to investors \u2013 deriding \u201cclassic Wall Street\u201d short-term thinking \u2013 but more specifically in the performance numbers. It\u2019s not the long exposure in the long \/ short portfolio that is interesting, but rather Raging Capital\u2019s short book that reads like a who\u2019s who of battleground stocks \u2013 and is enjoying a nice run of beating stock market beta.<\/p>\n