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.
Esk delivered positive returns but lagged AI-driven indices due to deliberate diversification. The fund added energy, industrial, and gold exposure while trimming software names facing AI disruption. Bank holdings outperformed on higher rates and trading volumes, with the manager maintaining elevated weights. Insurance positions face cyclical pressure but are held for quality through the downturn. Disciplined risk management trumps momentum chasing.
Full Quick Take
Esk delivered positive returns but lagged AI-driven indices due to deliberate diversification. The fund added energy, industrial, and gold exposure while trimming software names facing AI disruption. Bank holdings outperformed on higher rates and trading volumes, with the manager maintaining elevated weights. Insurance positions face cyclical pressure but are held for quality through the downturn. Disciplined risk management trumps momentum chasing.
East 72 posted 13.3% gross returns in Q4 2022 through selective stock picking while hedging market exposure. Strong performance from Manchester United and US investment banks offset weakness in automotive holdings. Added significant position in undervalued Magellan Financial Group. Strategy focuses on individual securities over macro positioning, expecting continued market volatility but seeing opportunities in selective value plays.
Full Quick Take
East 72 posted 13.3% gross returns in Q4 2022 through selective stock picking while hedging market exposure. Strong performance from Manchester United and US investment banks offset weakness in automotive holdings. Added significant position in undervalued Magellan Financial Group. Strategy focuses on individual securities over macro positioning, expecting continued market volatility but seeing opportunities in selective value plays.
