Hedge Fund Alpha

07/21/2025

📢 UC Regents Officially Exit Hedge Funds

The University of California Board of Regents has completed a five-year shift away from hedge funds across its investment pools. Effective July 1st, all hedge fund exposure is eliminated in favor of a simplified portfolio focused on public equities, bonds, and private assets.

UC CIO Jagdeep Singh Bachher did not hold back, saying hedge funds “didn’t hedge us” during major crises like the tech bubble, the GFC, and the COVID crash.

The result: lower fees, more transparency, and better alignment with today’s interest rate environment.

👉 Full breakdown here: https://hedgefundalpha.com/news/hedge-funds-didnt-hedge-us/

UC Regents drop hedge funds after 20 years, citing high fees and poor performance; shift to simpler, transparent investments.

07/18/2025

📢 ValueAct Capital Adds to Rocket, Trims Meta and Visa

Jeffrey Ubben’s ValueAct Capital returned 9% net in Q2 and 4% YTD. The fund took advantage of the April pullback to add to high-conviction names like Amazon and Rocket.

In its Q2 letter, ValueAct also noted cuts in Meta, Visa, and Trend Micro after strong YTD gains, and a full exit from Entegris.

The firm sees long-term alpha potential in AI-aligned businesses and names resilient to economic turbulence.

👉 Full portfolio breakdown here: https://hedgefundalpha.com/investor-letters/valueact-capital-q2-2025-portfolio-changes/

ValueAct Capital added to Rocket and Amazon, exited Entegris, and trimmed Meta, Visa, and others while focusing on long-term AI-driven upside.

07/17/2025

📈 Khrom Capital's Disciplined Value Strategy Pays Off

Eric Khrom’s Khrom Capital is up 12% net for Q2 and 3% YTD, continuing a 17-year streak of outperforming the S&P 500 and Russell 2000 Value Index. With a value-first, fundamentals-driven strategy and strong recent gains from HCI Group, the fund is showing why long-term discipline matters.

👉 Read the full breakdown: https://hedgefundalpha.com/investor-letters/khrom-capital-q2-2025-letter/

Khrom Capital gained 12% net in Q2, bringing YTD returns to 3%. Since inception, it's up 1,067% net vs 550% for the S&P 500.

07/14/2025

The latest HSBC hedge fund performance roundup is here, and 2025 is proving to be anything but predictable.

Leading the way is a European-focused private debt strategy with nearly 50% YTD gains, followed by strong showings from funds targeting Japan, European equities, and diversified long/short plays.

At the bottom, trend-following and systematic funds continue to struggle.

🔎 Read the full breakdown and fund insights:
👉 https://hedgefundalpha.com/news/alken-whg-hedge-fund-performance-breakdown/

Alken Capital tops hedge fund ranks with 49.19% YTD. WHG, RPD, and Carrhae also surge; Tulip Trend and One River remain laggards.

07/11/2025

At the 2025 Value Investing Seminar, Peter Krah of German Mining Networks broke down why a top-tier gold mining company might still be undervalued despite strong operational performance and insider alignment.

He believes this high-quality producer, operating in a safe jurisdiction with expansion plans underway, could offer multi-bagger returns for long-term investors.

👉 Read the full analysis here: https://hedgefundalpha.com/conferences/2025-vis-peter-krah/

At the 2025 Value Investing Seminar, Peter Krah shared his high-conviction case for Artemis Gold and its major upside potential.

07/10/2025

At the 2025 Value Investing Seminar, Florian Weidinger of SLAM shared why the Asian construction equipment industry may be hiding deep value.

He explained how policy shifts, export strength, and better capital management are turning historically neglected businesses into shareholder-friendly operators. With dividend yields near 6 percent and improving alignment with investors, this could be a misunderstood opportunity in China and beyond.

🔗 Read the full recap here: https://hedgefundalpha.com/conferences/slam-florian-weidinger/

Florian Weidinger of SLAM outlines value investing in Asia, focusing on dividends, alignment, and Zoomlion as a key opportunity.

07/09/2025

At the 2025 Value Investing Seminar, Daniel Bols of Somnium Capital shared how lessons from building a design business shaped his investing style. He now applies those principles to identify capital-efficient companies in the offshore energy sector.

He explained why this overlooked corner of the energy world is benefiting from structural tailwinds, tight supply, and rising cash flows. It's the kind of setup long-term value investors love.

📖 Read the full story: https://hedgefundalpha.com/conferences/2025-vis-somnium-capitals-daniel-bols-like-this-energy-company-with-a-large-moat/

At the 2025 Value Investing Seminar, Daniel Bols shared lessons in capital allocation and pitched offshore driller Valaris as a top idea.

07/08/2025

🚨 Activist Investing in Action! 🚨

At the 2025 Value Investing Seminar, Thomas Goetsch of Hopp Capital shared how his team unlocked hidden value in an overlooked Italian small-cap, revealing a €200M real estate portfolio trading at a massive discount.

Learn how they built a 30% shareholder bloc, published a position paper, and forced management to act — tripling the stock price.

📈 Real activism, real returns.

🔗 Read more: https://hedgefundalpha.com/conferences/hopp-capital-thomas-goetsch/

At the 2025 Value Investing Seminar, Thomas Goetsch outlined an activist case to unlock value in an overlooked, asset-rich tour operator.

06/26/2025

Ron S. Geffner, former SEC enforcement lawyer, shares his expert insights on hedge funds and the top shorting opportunities currently leading to stock drops. Discover what’s moving the markets. Read more at Hedge Fund Alpha https://hedgefundalpha.com/letters-14b-parsec-fund-prospects-shorting/.

06/26/2025

🚀Allvue is thrilled to be featured in Hedge Fund Alpha!

Our very own Nate Eisenberg, Private Credit Product Manager, provides in-depth insights into one of the most exciting developments in the financial industry — the rise of private credit ETFs. In his exclusive interview, Nate sheds light on the rapid market growth, the unparalleled opportunities these innovative vehicles offer, and the complexities around liquidity that issuers and regulators are working to address.

“Liquidity is at the highest point it’s ever been at and increasing, but structurally, challenges around illiquidity in a liquid vehicle like an ETF, that’s a big focus for regulators and issuers and the sponsors themselves.”

💡Learn more about the rise of private credit ETFs and how Allvue is empowering issuers to navigate this evolving landscape with confidence: https://hubs.ly/Q03f4_L40

06/25/2025

Seth Klarman, legendary value investor and head of Baupost Group, shares why AI will not displace human investors who apply fundamental research and patience.

In a rare interview, he explains what gives value investors an edge, how his eBay thesis played out, and why psychological discipline matters more than ever.

Read the full article:
🔗 https://hedgefundalpha.com/education/seth-klarman-interview-2025/

Seth Klarman of Baupost shares his value investing philosophy, where deep analysis, patience and a contrarian mindset drive success.