Dov Gertzulin's DG Capital struggled last year. The firm's flagship strategy, DG Value Partners, returned -2.6% net in the month of December and -23.4% net in 2022 overall, according to a copy of the firm's December investor update that ValueWalk has been able to review.
Meanwhile, the concentrated class of the strategy returned -35.2% in 2022.
DG Capital manages $391 million, with 72% of this total allocated to the flagship strategy. The remainder is allocated to the concentrated strategy and separately managed accounts.
Q4 2022 hedge fund letters, conferences and more
Both strategies focus on event-driven value opportunities in the middle market segment across the capital structure, with a focus on distressed opportunities.
The...
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