William Martin's Raging Capital Management has scored a brilliant return in the first half of the year, even though it was up just by 0.9% in the second quarter,it is up 14.4% for the year.
Raging Capital has a CAGR of +26% since April 2006. Martin's fund is in league with some of the highest gainers of the year.
Natural gas is the key
In the quarterly letter, a copy of which was reviewed by ValueWalk, the fund discussed its position in natural gas companies, EQT Corporation (NYSE:EQT) and Range Resources Corp. (NYSE:RRC). Martin called these investments "the invisible hand" and said that they were the fund's largest long positions. The fund believes that the...
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