DG Value Partners had a strong third quarter. The fund's legacy class was up 11.85%, while its Class A gained 10.99%, Class B was up 11.12%, and Class C gained 14.29%. DG outperformed its benchmarks as the HFRI Distressed/ Restructuring Index was up 2.77%, while the HFRI Event-Driven Index was up 4.31%.
Q3 2020 hedge fund letters, conferences and more
During the third quarter, the fund's equity positions were responsible for about 75% of its performance, while its credit investments contributed the other 25%. As of the end of September, DG Value Funds had a net exposure of 66% equity and 34% credit.
Main events
In his third-quarter letter to investors,...
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