Century Partners was, in many respects, one of the world’s most successful early hedge funds.
The fund began its life during 1967, back in the day where running $20 million in private capital was a big deal. Between 1967, when the fund opened its doors for investment, and June 1970, every $1 invested in the fund had grown to $2.60 -- a return of 160%. Over the same period, the Dow Jones Industrial Average lost around 20%.
During June 1970, Century Partners’ investment managers, James Harpel, and Richard Hokin sat down with Barron’s for an interview on their style and how they went about seeking a return in a hostile market.
