Both our flagship funds were up double digits for 2022, with the High Growth Fund ending up 11.5% and the Pure Hedge Fund ending up 12.9% (net of all fees and expenses). Our process and investment philosophy delivered as we had planned for in 2022, leading to capital growth and outperformance in a very difficult economic and market environment.
Investor Communications
2026 Semi-Annual Investor Letter
From the US-Iran conflict to the AI capex cycle, our semi-annual letter sets out how the funds were positioned through a demanding first half, and why the market is underestimating the returns on AI investment, and where we see opportunity from here.
- brochure
- 5 min read
- 22 July 2026
Investor Communications
2025 Annual Investor Letter
In this Annual Investor Letter, we reflect on the market forces that shaped performance, the opportunities we captured, and how we are positioning portfolios to continue delivering consistent, resilient returns in an increasingly complex global environment.
- brochure
- 5 min read
- 27 January 2026
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