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.
Lux Capital's Q2 2026 letter centers on error correction as the West's competitive advantage across AI, defense, and markets. The firm has invested the full AI stack from Hugging Face to EvolutionaryScale to infrastructure plays, plus defense companies positioned for European rearmament. Manager warns AI valuations show bubble characteristics with capex growing three times faster than revenue, but maintains long-term conviction in error-correcting systems over closed architectures.
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Lux Capital's Q2 2026 letter centers on error correction as the West's competitive advantage across AI, defense, and markets. The firm has invested the full AI stack from Hugging Face to EvolutionaryScale to infrastructure plays, plus defense companies positioned for European rearmament. Manager warns AI valuations show bubble characteristics with capex growing three times faster than revenue, but maintains long-term conviction in error-correcting systems over closed architectures.
The traditional venture capital model is failing under macroeconomic pressure and AI-driven software commoditization. StudioAlpha addresses this by employing a systematic, AI-augmented investment process targeting early-stage B2B software startups that deliver measurable business outcomes rather than simple features.
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The traditional venture capital model is failing under macroeconomic pressure and AI-driven software commoditization. StudioAlpha addresses this by employing a systematic, AI-augmented investment process targeting early-stage B2B software startups that deliver measurable business outcomes rather than simple features.
Resilient Asset Management's 2025 letter advocates for broad global diversification and structured financial planning, advising investors to look past speculative AI hype and media-driven anxiety.
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Resilient Asset Management's 2025 letter advocates for broad global diversification and structured financial planning, advising investors to look past speculative AI hype and media-driven anxiety.
Square Peg has ramped its AI-native investments to 67% of new deals and leveraged internal AI models to scale sourcing capacity sixfold, while raising its 2025 Vintage funds to invest heavily through 2028.
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Square Peg has ramped its AI-native investments to 67% of new deals and leveraged internal AI models to scale sourcing capacity sixfold, while raising its 2025 Vintage funds to invest heavily through 2028.
