The DG Value Funds were down 4.8% for the first quarter. The firm's equity investments contributed 96% of its performance, while the other 4% came from its credit investments. As of the end of March, the DG Value Funds had a delta-adjusted net exposure of 76% equity and 45% credit.
The HFRI Distressed/ Restructuring Index was up 1.13% for the first quarter, while the HFRI Event-Driven Total Index was down 1.23%. The Credit Suisse High-Yield Index declined 4.17%, and the Russell 2000 returned -7.53%.
Q1 2022 hedge fund letters, conferences and more
DG Value focuses on the middle market, seeking special situations in debt and equity. The fund looks for event-driven,...
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