KKR Backed Hedge fund: High Yield Energy Issuers Face A “Wall” Of Debt Maturities In 2023

The KKR-backed energy-focused hedge fund, BlackGold Capital Management’s flagship strategy, the BlackGold Opportunity Fund lost -2.2% in the month of November, according to the hedge fund’s monthly update, a copy of which has been reviewed by ValueWalk. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. The opportunistic energy credit strategy is up 1% year-to-date, and 186% since inception (January 2009). According to the market commentary section of the firm’s November update, underperformance in the month was “driven by seemingly high-quality credits.” EnLink Midstream slumps The biggest detractor was EnLink Midstream,…