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.
The Wasatch Long/Short Alpha Fund suffered a difficult Q3 (-7.25% vs. 9.00% benchmark) due to a speculative, low-quality market rally. Management remains constructive, actively increasing both long and short exposure to exploit extreme valuation discrepancies before the speculative bubble deflates.
Full Quick Take
The Wasatch Long/Short Alpha Fund suffered a difficult Q3 (-7.25% vs. 9.00% benchmark) due to a speculative, low-quality market rally. Management remains constructive, actively increasing both long and short exposure to exploit extreme valuation discrepancies before the speculative bubble deflates.