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Engine Capital Up 10 Percent After Correctly Predicting the Small-Cap Rally

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Michelle deBoer-Jones
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Engine Capital returned 6.15% net in the third quarter, bringing its year-to-date return to 10% for 2024. The Russell 2000 rose 9.3% for the third quarter for a year-to-date return of 11.2%. Meanwhile, the HFRI Activist Index rose 7.3% in the third quarter and is up 8.2% year to date.

Since its inception in July 2013,...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.