Maglan Capital Concerned About August But Up 11% YTD

With Maglan Capital's event-driven hedge fund up just over 11 percent on the year, the firm’s leadership is positive on the markets going forward.

Maglan Capital: Economic fundamentals are “not perfect”

In a letter to investors, Steven Azarbad, the fund’s chief investment officer and David D. Tawil, president, say the economic fundamentals are “not perfect” and concerns that “the equity market can’t go up forever will persist,” the bankruptcy specialists say improving corporate data and performance can’t be ignored.

Maglan invests in companies experiencing financial distress, bankruptcy or restructuring. With under $100 million under management, the nimble fund delivered...