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.
A frustrating Q4 2025 drawdown (-13.3%) driven by a 30% concentration in Kneat and leveraged options losses prompts the manager to implement strict position limits, curb options usage, and refocus on core quality holdings.
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A frustrating Q4 2025 drawdown (-13.3%) driven by a 30% concentration in Kneat and leveraged options losses prompts the manager to implement strict position limits, curb options usage, and refocus on core quality holdings.
