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 Easterly Income Opportunities Fund outperformed its benchmark in Q4 2025. The fund is actively rotating assets from CMBS into RMBS and high-multiple structured notes to position for continued interest rate curve steepening.
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The Easterly Income Opportunities Fund outperformed its benchmark in Q4 2025. The fund is actively rotating assets from CMBS into RMBS and high-multiple structured notes to position for continued interest rate curve steepening.
Shifting its AI focus toward undervalued Asian semiconductor leaders like SK Hynix and Ebara while taking advantage of selective credit distress in subprime auto and structured ABS.
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Shifting its AI focus toward undervalued Asian semiconductor leaders like SK Hynix and Ebara while taking advantage of selective credit distress in subprime auto and structured ABS.
Slightly lagging its benchmark. The manager has raised cash and Treasuries to ~20% of the portfolio to navigate localized credit distress in subprime auto ABS and office CMBS.
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Slightly lagging its benchmark. The manager has raised cash and Treasuries to ~20% of the portfolio to navigate localized credit distress in subprime auto ABS and office CMBS.