Hypotenuse Capital Q3 Investor Letter

Hypotenuse Capital recently released its Q3 investor letter. You can download a copy of the letter below. The fund gained 16.2% and 12.6% on a gross and net basis, respectively, through the nine months ended September 30th. Its five separate positions contributed at least 100 bps to the gross return while top two gainers each contributed over 300 bps to the gross return.