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 Mar 31, 2026
Protean capitalized on March's geopolitical volatility through active trading while making a structural bet on European energy transition via heat pump manufacturer Nibe. The Nordic hedge fund delivered positive returns despite broad market declines, validating its risk management approach. Management remains cautious but is gradually increasing exposure as price-value disconnects create opportunities independent of geopolitical outcomes.
Nordic small and mid-cap companies offer compelling value opportunities despite global supply chain vulnerabilities, with the current geopolitical crisis creating structural catalysts for energy transition themes while generating tradeable volatility disconnected from fundamentals.
The manager expects to continue watching for second-order effects from the Middle East crisis that arrive with a lag and matter more than headlines. They are positioned for a range of outcomes rather than seeking certainty, with a focus on conclusions that don't depend on predicting the unpredictable. The fund is gradually increasing risk from cautious levels but remains prepared to adjust based on market conditions.
Moderate Conviction Bullish
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