Chart of the month: Contrarian Equity


Capital Management has seen its company assets swell to over $1 billion recently, aided largely by the phenomenal performance of the Contrarian Equity Fund, LP. The fund, which specializes in post-bankruptcy equities, attributes its success to a diversified, opportunistic, distressed approach that netted investors 108% in 2003. Managed by Jason Mudrick out of it's Greenwich headquarters, Contrarian Equity boasts an impressive Sharpe ratio of 6.77 and low correlation to the S&P 500. The fund has gained 164% since inception in October 2002 and closed its doors to new capital earlier this month at nearly $270