In early 2008 Remy Trafelet was riding high. His New York–based hedge fund firm, Trafelet Capital Management, was managing $5.8 billion, thanks in part to his 25.1 percent annualized return from inception through 2007.
But like many other investors, the onetime Fidelity Investments portfolio manager, who founded Trafelet Capital in 1999, was hit hard by the financial crisis.
