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 achieved a 28.89% NAV return in the second quarter of 2026, heavily driven by exposure to technology and semiconductor equipment convertibles amidst historic market issuance. While monitoring macroeconomic risks and upcoming election volatility, management remains constructive on credit and deployed 29% leverage to support its 9.08% annualized distribution rate.
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The fund achieved a 28.89% NAV return in the second quarter of 2026, heavily driven by exposure to technology and semiconductor equipment convertibles amidst historic market issuance. While monitoring macroeconomic risks and upcoming election volatility, management remains constructive on credit and deployed 29% leverage to support its 9.08% annualized distribution rate.
