DG Capital Wins Big on Distressed Situations — Thanks to Higher-for-Longer Interest Rates [In-Depth]

HFA Padded
Michelle deBoer-Jones
Published on
Updated on
Hazelton Capital Partners

The DG Value Funds returned 4.1% for the first quarter, with their equity investments responsible for 66% of their performance and their credit investments generating the other 34%. Meanwhile, the DG Concentrated Strategy returned 6.1% for the first quarter, with equity holdings contributing 75% of that performance and credit contributing the other 25%.

For comparison, the HFRI Distressed/ Restructuring Index returned 2.57% for the first quarter, while the HFRI Event-Driven Index gained 2.33%. The Russell 2000 rose 5.18% for the first quarter.

First-quarter commentary

In his first-quarter letters to investors, which were obtained by Hedge Fund Alpha, Dov Gertzulin...

This content is exclusively for paying members of Hedge Fund Alpha

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!
This article is only available for Premium Members
Subscribe today and get :
Insider Strategies and Letters to Shareholders from the Top Hedge Funds
Exclusive Access to coverage of Private, Closed-Door Investor Conferences
Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually

Don’t have an account?

Subscribe now and get 7 days free!
HFA Padded

Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.