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February 20, 2019  

Event-Driven Fund Bounces Back

Event-driven manager Gates Capital seems determined to make up for its uncharacteristically weak performance last year.After losing 18.8% — its third-worst annual result in 23 years of investing — Gates’ ECF Value Fund posted a monthly profit of 16.8% in January. The gain halted five consecutive losing months.The New York firm, led by Jeff Gates and Justin Boisseau, takes equity and debt positions in companies undergoing...

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