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Daniel Barach Solos With Hedge Fund, Picks Stocks for Big Gains

Traders Magazine, November 2004

Kathryn M. Welling

Daniel J. Barach, 42, is bright, supremely self-confident. He runs a smallish Manhattan-based hedge fund called MLT Capital, L.P. So what is there about this guy that isn't straight out of central casting? Try performance. His fund rolled up better than a 24 percent net compound annual return in the five treacherous market years between 1999 and 2003 - including an eye-popping 71 percent net gain last year. But the oddest thing of all is that Daniel did it without the benefit of complex derivative hedges, arbitrage and black boxes. He did it the old-fashioned way: Stocks for the long term. He recently explained everything to me.

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