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 manager advocates staying short-duration, high-quality, and income-focused, arguing that sticky inflation, geopolitical energy shocks from the Iranian conflict, and mounting federal debt interest burdens make long-duration bonds highly risky. By focusing on shorter maturities and solid corporate credits, investors can secure resilient yields without relying on uncertain rate cuts.
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The manager advocates staying short-duration, high-quality, and income-focused, arguing that sticky inflation, geopolitical energy shocks from the Iranian conflict, and mounting federal debt interest burdens make long-duration bonds highly risky. By focusing on shorter maturities and solid corporate credits, investors can secure resilient yields without relying on uncertain rate cuts.
Hourglass Capital outpaced benchmarks with a 9.5% YTD return, warning that the current S&P 500 rally is a fragile, retail-driven bubble blind to an unsustainable US sovereign debt crisis.
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Hourglass Capital outpaced benchmarks with a 9.5% YTD return, warning that the current S&P 500 rally is a fragile, retail-driven bubble blind to an unsustainable US sovereign debt crisis.
