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.
PM Harris Kupperman executed a portfolio 'hard reboot' in May, slashing exposure to sit on 40% cash. He remains highly bearish on broader equities, warning of an inevitable economic crisis while waiting patiently for highly asymmetric setups.
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PM Harris Kupperman executed a portfolio 'hard reboot' in May, slashing exposure to sit on 40% cash. He remains highly bearish on broader equities, warning of an inevitable economic crisis while waiting patiently for highly asymmetric setups.
Concentrated value fund down 1.69% in Q2 as core energy, uranium, and real estate positions await earnings inflections while Event-Driven book carried performance. Manager reduced exposure citing economic slowing and unfavorable low-volatility environment. Positioned defensively for election volatility while maintaining conviction in inflection investing approach requiring actual fundamental improvements, not just cheap valuations.
Full Quick Take
Concentrated value fund down 1.69% in Q2 as core energy, uranium, and real estate positions await earnings inflections while Event-Driven book carried performance. Manager reduced exposure citing economic slowing and unfavorable low-volatility environment. Positioned defensively for election volatility while maintaining conviction in inflection investing approach requiring actual fundamental improvements, not just cheap valuations.
