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.
Fairlight Alpha Fund posted an exceptional 66.2% return in 2025, powered by highly discounted gold miners and niche micro-caps, while identifying a structural trend of AI CapEx cannibalization in the broader economy.
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Fairlight Alpha Fund posted an exceptional 66.2% return in 2025, powered by highly discounted gold miners and niche micro-caps, while identifying a structural trend of AI CapEx cannibalization in the broader economy.
Fairlight Alpha Fund outperformed the market in Q3 2025 with a 16.8% return, driven by cheap junior gold miners and a major marine engineering turnaround, while implementing cautious hedges against a potential AI infrastructure overbuild.
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Fairlight Alpha Fund outperformed the market in Q3 2025 with a 16.8% return, driven by cheap junior gold miners and a major marine engineering turnaround, while implementing cautious hedges against a potential AI infrastructure overbuild.
Fairlight Alpha Fund achieved a 9.3% net return in Q2 2025, successfully capturing a major win in TSS, Inc. and continuing to position heavily in deep-value junior gold miners and maritime sectors.
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Fairlight Alpha Fund achieved a 9.3% net return in Q2 2025, successfully capturing a major win in TSS, Inc. and continuing to position heavily in deep-value junior gold miners and maritime sectors.
