Hedge Fund Giant Posts Strong Q1 Thanks To Hurricane Maria And Irma

Angelo Gordon’s AG Super Fund was up 1.8% for March and 1.6% for April, bringing its year-to-date returns to 3.4% this year. The fund’s best-performing strategies in the first quarter were Distressed Reorganization and Corporate Special Situations. Puerto Rican Power Authority (PREPA) bonds and Toshiba stock were among its strongest positions during Q1. The weakest strategy was the fund’s Opportunistic Credit, especially its position in Sungard Availability Services. Q1 hedge fund letters, conference, scoops etc “Persistent opportunity” In their Q1 letter to investors, which was reviewed by ValueWalk, Angelo Gordon’s Michael Gordon, David Kamin and Joshua Baumgarten said they are…