After Strong 2016, Broadbill Investment (Still) Likes Under The Radar Distressed DebtMark Melin
Broadbill Investment Partners, which focuses on small capitalization distressed debt investing, makes the argument that of they are among the most noncorrelated hedge funds in existence. After the second best performance in the fund's history coming in November, up 12.94% on the month, the niche hedge fund has delivered near 12% annualized performance for 5 years. What makes them noncorrelated is not only the distressed debt, private equity bankruptcy turnarounds in which they invest, but the odd fact the fund keeps an unusually high cash position . . .
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