Gates Capital's ECF Value Fund returned 5.5% for the fourth quarter, bringing its full-year return go 25.6% for 2023. For comparison, the HFRI Event-Driven Index gained 5.8% for the quarter and 10.7% for the year.
The Russell 2000 Value Total Return Index was up 15.3% for the quarter and 14.6% for the year, while the Russell...