DG Capital Management in their newest July report took a look at their Class C and Legacy Class master funds and their performance in the last month.
Before assessing the data it is worth knowing that the company’s focus is on the middle-market companies with a value-oriented twist. The company prefers to invest in solid businesses that are trading below their intrinsic value.
As a part of their strategy, they also employ an event-driven element, where the discount to the intrinsic value comes as a result of a major event in a company’s operations. The cause can be bankruptcy, spin-off, or restructuring type of event.
From letters made available to Hedge Fund Alpha, DG Capital informed the investors that the Class C fund...
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