Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
The fund delivered solid outperformance in Q4 2025 by isolating CEF discounts and hedging interest rate risk. While highly cautious on a potential AI-driven equity bubble, the manager sees strong value in deeply discounted tax-exempt CEFs.
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The fund delivered solid outperformance in Q4 2025 by isolating CEF discounts and hedging interest rate risk. While highly cautious on a potential AI-driven equity bubble, the manager sees strong value in deeply discounted tax-exempt CEFs.
