Marathon émigré Brett Jefferson is up nearly 31% this year
October 13, 2010
Jefferson's Hildene Capital Management is producing stunning returns in a drab year by investing in small community banks.
Hildene Capital Management, the $200 million distressed debt firm founded by former Marathon Asset Management portfolio manager Brett Jefferson two years ago, has been posting impressive returns in 2010. The Hildene Opportunities Fund rose 1.61% in September, putting it up 30.93% for the year.
The fund’s only down month this year was in June, when it lost 0.30%, according to a recent investor letter. The AR Distressed Index was up 1.6% in September and 8.06% for the year.
Hildene was launched...
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