Hayden Capital’s Q2 2022 Investor Letter

Hayden Capital, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. The portfolio declined by -40.3% in the second quarter of 2022, versus -16.1% for the S&P 500 and -15.1% for the MSCI World indices. This brings the fund’s annualized return since inception, to +7.6%. The portfolio ended the quarter with ~59% of its assets invested in Asia, ~37% in North America, and the remainder in cash. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.