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 remains resolutely committed to an extended long-duration Treasury strategy, betting that declining global capacity utilization, deflationary AI automation, and tight credit liquidity will push interest rates lower.
Full Quick Take
The fund remains resolutely committed to an extended long-duration Treasury strategy, betting that declining global capacity utilization, deflationary AI automation, and tight credit liquidity will push interest rates lower.
SRK Fund I delivered 17.15% in 2023, lagging the S&P 500 due to micro-cap isolation from the Q4 rally and an execution mistake in Harrow. The manager has fully exited Harrow and recycled capital into catalyst-rich, deeply discounted micro-caps like ISSC, VASO, HGBL, and SGMA with minimal downside.
Full Quick Take
SRK Fund I delivered 17.15% in 2023, lagging the S&P 500 due to micro-cap isolation from the Q4 rally and an execution mistake in Harrow. The manager has fully exited Harrow and recycled capital into catalyst-rich, deeply discounted micro-caps like ISSC, VASO, HGBL, and SGMA with minimal downside.
