Robert Chapman is preparing to once again unleash his take-no-prisoners style on corporate America with two new hedge funds.
Chap-Cap Activist Partners will contain only so-called 13D activist positions of more than 5% of a company's stock, and Chap-Cap Partners II will largely clone a fund that he ran from 1996 to 2003. That long/short entity contained only about 25% activist positions and returned an annual average of 20%.
Chapman's new funds, however, will target companies of about double the $500 million market capitalization that he previously went after.
The El Segundo, Calif. manager