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 Sep 29, 2026
The global macro backdrop is characterized by an inflationary boom where nominal growth remains resilient while higher financing costs and persistent supply-side inflation redefine the investment landscape. Growth is underpinned by solid service sector activity, steady employment, and an artificial intelligence infrastructure cycle broadening beyond semiconductors into power and software. However, heavy sovereign bond issuance and energy volatility linked to Middle East geopolitical unrest continue to exert upward pressure on long-term yields. In response, portfolio allocations emphasize capital preservation, active rotation, and flexible risk deployment. In fixed income, the strategy favors short-duration high yield, senior secured loans, and mezzanine structured credit over long-duration sovereign paper to generate yield without excessive interest rate sensitivity. In equities, positioning favors value, cyclical industries, and non-US markets over crowded thematic mega-cap technology names. Liquid alternative strategies are utilized to harvest low-correlated alpha amid heightened dispersion across assets.
Navigate an inflationary boom by prioritizing capital preservation, short-duration credit carry, and active rotation into value and liquid alternatives over crowded beta.
The manager expects the global economy to maintain resilient nominal activity accompanied by higher-for-longer policy rates and firm inflation prints. The base case assigns a 70% probability to moderate real GDP growth in the US and stabilizing European activity, although tight credit spreads and stretched equity valuations leave little margin for earnings disappointments.
Neutral / Balanced
Market Conviction
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