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.
Minot Light delivered a strong 14.4% net return in its first full year (2025), and is actively refining its underwriting process to turn extreme micro-cap volatility and institutional forced liquidations into high-conviction buying opportunities.
Full Quick Take
Minot Light delivered a strong 14.4% net return in its first full year (2025), and is actively refining its underwriting process to turn extreme micro-cap volatility and institutional forced liquidations into high-conviction buying opportunities.
Riverwater's Micro Opportunities Strategy faced headwinds in 2025 by refusing to participate in speculative, lower-quality market rallies, but enters 2026 highly constructive on a fundamental quality rotation supported by Federal Reserve rate cuts.
Full Quick Take
Riverwater's Micro Opportunities Strategy faced headwinds in 2025 by refusing to participate in speculative, lower-quality market rallies, but enters 2026 highly constructive on a fundamental quality rotation supported by Federal Reserve rate cuts.
