DG Value Partners makes up lost ground in May thanks to these debt bets

DG Value Partners was up 3.74% for May. For the first five months of the year, the fund is down 8.43% net, according to the unaudited numbers from its tear sheet.

Q1 2020 hedge fund letters, conferences and more

In May, the fund's big positive contributors were its debt investments in Maiden Holdings, HC2 Holdings and Extended Stay. The stock positions that contributed significantly to its positive performance were Aquestive Therapeutics, Aware, BioCryst Therapeutics, Everi Holdings, IWG and Playa.

Negative contributors during the month included its debt positions in Buviga and Invacare and its stock holdings in MTS Systems and RiceBran Technologies. In May, DG Value's equity positions contributed 3.3% gross,...