DG Value Partners Puts Up Strong May Numbers, Led by This Misunderstood Insurer

DG Value Partners II LP Class C gained 5.23% net for May, bringing the hedge fund’s year-to-date return to 7.57% net. Meanwhile, DG Value Partners II LP Legacy Class returned 3.3% net for a year-to-date return of 4.4% net. The Russell 2000 returned 5.34% for May, while the ICE BofA U.S. HY index gained 1.68%.

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Annualized returns

DG Value Partners’ Legacy Class aims to compound capital with equity-like returns and lower risk than the wider market by investing in a diversified portfolio of off-the-run credit and equity investments with a high margin of safety and identifiable catalysts. Meanwhile, Class C aims to achieve mid-teens net returns via a concentrated co-investment strategy that...