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Ex-Greenlight Manager Rechtschaffen Starts Slowly with Second Fund

The founder of Arex Capital hopes it doesn’t suffer the same fate of his first hedge fund.

  • By Stephen Taub

Call it new hedge fund, 2.0.Life after Greenlight Capital is once again bumpy for Andrew Rechtschaffen.Arex Capital, which he founded last year, manages $125 million and posted a 2.58 percent gain May. But all it did was put the fund barely in the black for the year, by 0.14 percent.

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