Maglan Capital Up 11% In Q1 2014 After 60% Return In 2013

Maglan Capital, a small hedge fund that we have talked about before, is once again beating the high end of returns. The Maglan Distressed Fund, which manages $67 million, has gained 11% through the first quarter of this year. Last year the fund was up a whopping 59%.

Maglan Capital puts money where it matters

The fund managers talked about their investment philosophy in the March letter, a copy of which was seen by ValueWalk. Maglan has high expectations for the positions it acquires - the fund targets a 30% annual return over a 2-year holding period. The letter explains that they will not buy into a company which they think cannot...