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.
Tectonic navigated a volatile first quarter of 2026 by rotating early from expensive tech into resources, subsequently cutting equity exposure by 80% to cash and shorting major indexes during the peak of the Middle East conflict. This highly defensive, flexible approach limited drawdowns and delivered a positive 4.8% net return.
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Tectonic navigated a volatile first quarter of 2026 by rotating early from expensive tech into resources, subsequently cutting equity exposure by 80% to cash and shorting major indexes during the peak of the Middle East conflict. This highly defensive, flexible approach limited drawdowns and delivered a positive 4.8% net return.
