DG Value Outperforms As Credit Positions Hold Up
DG Value's flagship fund followed the market lower in April, declining 8.5% as the Russell 2000 fell by -9.9% and the Credit Suisse high yield index declined by -3.5%, that's according to a copy of the fund's monthly update, which ValueWalk has been able to review.
The fund, which focuses on event-driven value opportunities in the middle market segment, returned -13% for the year to the end of April, compared to a loss of -16.7% for the Russell 2000 and -7.5% for the Credit Suisse high yield index.
Equities have detracted . . .
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