In a communication to investors obtained by Opalesque, New York-based Cruiser Capital LLC announced that it had returned +2.34% in December and +25.91% for 2012, net of fees and expenses. Over the same period, the S&P 500 Total Return index returned +.91% and +15.99.

In his letter to investors, Keith M. Rosenbloom, Managing Member of Cruiser Capital, ex