The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
As of Aug 14, 2026
GreenWood Investors delivered flat first-half 2026 performance with accounts down 3.6% versus the MSCI ACWI's 11.7% gain, following more than 100% net returns over the prior three years. The firm deliberately avoided the AI hype-cycle despite being heavy AI users, believing demand growth in compute capacity cannot sustain supply-side expectations in an investment cycle outpacing all previous technology cycles. Instead, GreenWood rotated capital into new governance-driven transformations offering extreme valuation dislocations. Key positions include CTT, where improving European banking valuations create transformational opportunities for bank monetization and capital redeployment into e-commerce logistics; Jack in the Box, where new CEO Mark King is driving an operational turnaround after refinancing near-term maturities; and Swatch Group, where the firm is pursuing Swiss court actions to improve board accountability amid improving watch industry fundamentals. Additional positions in Genus, NexGen Energy, and Rentokil offer high upside leverage to ongoing business quality improvements. The firm aims to double client capital again over the next few years through these new missions and catalysts.
GreenWood pursues a constructivist investment approach focused on governance-driven transformations in undervalued companies, partnering with active owners and boards to unlock value through operational improvements and strategic changes rather than chasing market trends like the AI hype-cycle.
GreenWood aims to double client capital again in the next few years after doubling portfolios over the past three years. The firm has underwritten new missions, catalysts, and transformations across the portfolio to achieve this goal. They see tremendous opportunities with material and extreme dislocations in valuations, behavioral dynamics, and real-time tests for business quality. The environment favors their constructivist investment approach as assertive owner-oriented boards typically create the most value when underlying dynamics are in accelerated change. The tone is confident and optimistic about portfolio positioning despite flat first-half performance.
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