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 Oct 8, 2026
The macroeconomic landscape is characterized by moderate domestic economic growth, persistent above-target inflation, and elevated interest rates alongside heightened geopolitical turbulence. Second-quarter economic output expanded at a modest pace while unemployment held steady, yet inflation remained stubbornly elevated above the central bank's objective, compelling monetary authorities to enact further interest rate increases. Long-term treasury yields and mortgage rates have reset to levels reflecting underlying inflation plus trend economic growth. Geopolitical conflicts in the Middle East continue to disrupt vital maritime energy corridors, elevating crude oil prices above one hundred dollars per barrel and introducing persistent upside pressure on future consumer price readings. Meanwhile, currency interventions by global monetary authorities and dollar dynamics maintain tailwinds for precious metals, where existing exposures are preserved. In response to these structural pressures and attractive equity valuations, fresh capital was deployed during the quarter into an integrated energy producer as a hedge against protracted Middle East conflict, alongside new allocations to software and animal health businesses possessing favorable valuation multiples.
Capital is allocated to attractively valued businesses while selectively establishing hedges in energy and maintaining gold exposure to protect against persistent inflation and geopolitical turmoil.
Inflation is anticipated to remain entrenched in the 3% to 4% range over the foreseeable horizon, driven by persistent energy price pressures above $100 per barrel and military blockades in the Strait of Hormuz and Bab al-Mandab Strait. Long-term interest rates are expected to stay elevated around 5% to 6%, consistent with historical real economic growth and inflation fundamentals.
Neutral / Balanced
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