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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.

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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