DG Capital, led by Dov Gertzulin, is an alternative investment firm targeting companies that are trading significantly below their intrinsic value. They choose middle-market companies that are undergoing a special situation, like a restructuring, spin-off, post-bankruptcy reorganization, refinancing, or liquidation.
In their latest letter, they discussed two of their products - DG Value Funds and DG Concentrated Strategy—and covered their 2024 performance and the first month of 2025.
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DG Value Funds Commentary
On average, DG Value Funds in 2024 delivered 9.6% net gains. In the last quarter, the fund finished with about a 2% negative gain, mostly due to a sell-off in the healthcare and energy-related sectors. Hedges that were placed partly mitigated...
