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Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Fairlight Alpha Fund returned -12.6% net in Q2 2026 and -8.6% year-to-date, underperforming the S&P 500's 10.2% first-half return, though the fund has delivered 835.1% cumulative returns and 35.6% annualized since inception in March 2019. The quarter saw...
— Andrew Martin
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