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 26, 2026
Militia Capital Partners delivered a 5.02% net return in Q2 2026, underperforming all three benchmark indices (SPY +15.12%, IWM +21.44%, EWJ +11.06%). Year-to-date performance stands at +25.5%, bringing since-inception annualized returns to 48.8% since January 2021. The fund's leveraged long-short strategy exhibited higher volatility than SPY but lower than IWM and EWJ, with a maximum drawdown of -8.59% during the quarter. Risk-adjusted metrics showed a quarterly Sharpe ratio of 0.92 and Sortino ratio of 1.47, both significantly below benchmark levels. The fund maintained near-zero correlation with SPY (0.05) and IWM (-0.04), and modest correlation with EWJ (0.22). Since inception, the fund has generated positive returns in 70.77% of months with a maximum drawdown of -15.00%, demonstrating resilience relative to benchmarks. The strategy continues to target absolute returns through active long-short positioning with leverage, though quarterly performance lagged broader market strength.
High Conviction Bearish
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