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.
Middle Coast Investing posted a solid 16.9% return in 2025 but has shifted to a defensive, cash-rich (16.7%) stance to shield capital against broad-market valuation risks and economic slowing heading into 2026.
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Middle Coast Investing posted a solid 16.9% return in 2025 but has shifted to a defensive, cash-rich (16.7%) stance to shield capital against broad-market valuation risks and economic slowing heading into 2026.
The fund remains resolutely committed to an extended long-duration Treasury strategy, betting that declining global capacity utilization, deflationary AI automation, and tight credit liquidity will push interest rates lower.
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The fund remains resolutely committed to an extended long-duration Treasury strategy, betting that declining global capacity utilization, deflationary AI automation, and tight credit liquidity will push interest rates lower.
SRK Fund I delivered 17.15% in 2023, lagging the S&P 500 due to micro-cap isolation from the Q4 rally and an execution mistake in Harrow. The manager has fully exited Harrow and recycled capital into catalyst-rich, deeply discounted micro-caps like ISSC, VASO, HGBL, and SGMA with minimal downside.
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SRK Fund I delivered 17.15% in 2023, lagging the S&P 500 due to micro-cap isolation from the Q4 rally and an execution mistake in Harrow. The manager has fully exited Harrow and recycled capital into catalyst-rich, deeply discounted micro-caps like ISSC, VASO, HGBL, and SGMA with minimal downside.
Curreen Capital achieved a strong 15.38% return in the fourth quarter by aggressively purchasing out-of-favor 'ugly ducklings' during October's market decline. Operating under a conservative strategy dictated by an inverted yield curve, the fund maintains a 23% cash position to exploit future mispricings while building a portfolio poised for significant long-term appreciation once macroeconomic conditions normalize.
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Curreen Capital achieved a strong 15.38% return in the fourth quarter by aggressively purchasing out-of-favor 'ugly ducklings' during October's market decline. Operating under a conservative strategy dictated by an inverted yield curve, the fund maintains a 23% cash position to exploit future mispricings while building a portfolio poised for significant long-term appreciation once macroeconomic conditions normalize.
