Denali Investors Up 4 Percent, Grabs New Positions In Q1

H. Kevin Byun’s Denali Investors returned +4% in the first quarter of this year, according to a letter to investors seen by ValueWalk. We have talked about the outsized returns of this hedge fund before – Denali was up 66% in 2013 with winning investments in several of its long holdings. Denali invests in Dover and Knowles spinoff Denali positioned itself to benefit from the Dover Corp (NYSE:DOV) and Knowles Corp (NYSE:KN) spinoff. The letter discussed the investment in detail, and the fund grabbed the opportunity to buy Dover Corp when shares fell sharply in Q1 after a missed earnings report. The fund…