Event-driven hedge fund Maglan Capital lost 1.34% in April, but is still up 9.59% for the year (both net fees), mostly because of losses in the last few days of the month. The hedge fund was up 58.99% in 2013. Even with the setback in April, Maglan CIO Steven Azarbad and president David D. Tawil are confident that gains will pick up with some important catalysts in the near future, revisiting the investment cases for Madalena Energy Inc (CVE:MVN) and Globalstar, Inc. (NYSEMKT:GSAT).
Madalena drilling in Argentina yielding results
Madalena Energy Inc (CVE:MVN) is a Canadian oil and gas exploration firm with growing domestic operations that...
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