Barron's Interview Hedge Fund Manager Tom Claugus

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Since its inception in 1993, his Bay Resource Partners hedge fund, managed by GMT Capital, has returned 20%, net of fees, annually, nearly twice the gain of the Standard & Poor's 500 over the same span. The long-short equity vehicle ranked 28th in Barron's Hedge Fund 50 performance listing last year with a three-year cumulative average return of 27.85% through June 30.

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