Hedge Funds

Ranger ready for multi-strategy

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The Texas-based hedge fund Ranger Capital, a relatively new hedge fund shop founded by veteran-investor Sam Wyly - famous in the hedge fund community for being one of the original backers of local manager Lee Ainslie at Maverick - is gearing up to launch a new fund.

Recent filings with the SEC in late March indicate that the firm is poised to start Ranger Multi-Strategy LP, believed to be the firm's first multi-strategy vehicle.

Industry insiders point to Ranger as one of the most-watched new hedge fund firms in the last year. Fund of funds firms say that