DG Capital's flagship hedge fund strategy, DG Value Funds, returned 6.2% in the quarter ending December 31, 2022. Overall, the strategy recorded a return of -23.2% for the year.
According to a copy of the fund's fourth quarter and year-end letter to investors, which ValueWalk has been able to review, DG's equity investments were responsible for 96% of its performance during the final three months of the year.
Writing in the update, DG's founder, Dov Gertzulin, notes that 2022 was a "humbling year" for the firm, even though the fund manager believes "excellent" fundamentals underpin the portfolio.
Positioning for a Rebound
DG has a good track record of outperforming the market. The fund, which invests across equity and distressed credit, has produced a cumulative...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
