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.
Militia Capital posted 19% Q1 returns through superior multi-manager execution, with individual PMs delivering 23-37% performance. This final hedge fund letter announces a strategic pivot toward building a comprehensive financial services platform featuring AI-powered investing, ETFs, and brokerage services, while promoting top performers to partnership roles.
Full Quick Take
Militia Capital posted 19% Q1 returns through superior multi-manager execution, with individual PMs delivering 23-37% performance. This final hedge fund letter announces a strategic pivot toward building a comprehensive financial services platform featuring AI-powered investing, ETFs, and brokerage services, while promoting top performers to partnership roles.
Hedge funds closed 2025 on a positive note with a 1.9% weighted average December return, despite experiencing $16.1 billion in seasonal net outflows primarily from the Americas. Operationally, funds are actively transitioning toward collaborative technology co-sourcing and staff augmentation models to optimize their administrative infrastructure amid historically high treasury and trade activities.
Full Quick Take
Hedge funds closed 2025 on a positive note with a 1.9% weighted average December return, despite experiencing $16.1 billion in seasonal net outflows primarily from the Americas. Operationally, funds are actively transitioning toward collaborative technology co-sourcing and staff augmentation models to optimize their administrative infrastructure amid historically high treasury and trade activities.
