|08 April, 2020

Hedge fund firm DG Partners' main computer-driven fund up 10% -source

DG Partners, founded in 2002 by David Gorton, runs $1.5 billion in assets under management.

LONDON- Hedge fund company DG Partners' main computer-driven fund made gains of 10% between the start of the year and April 3, helped by a short position in oil, according to a source with knowledge of the matter.

The $900 million strategy went short on the energy sector ahead of the oil price falling in March, generating profits for the fund, said the source.

DG Partners, founded in 2002 by David Gorton, runs $1.5 billion in assets under management.

(Reporting by Maiya Keidan, editing by Huw Jones) ((Maiya.Keidan@thomsonreuters.com; 44 207 542 1594; Reuters Messaging: maiya.keidan.thomsonreuters.com@reuters.net))