Jackson Peak Capital, an investment management firm, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the quarter, the fund returned +24.0% net compared to MSCI ACWI’s 11.3% return and HFRX Equity Hedge Index’s +4.1% return. The volatility at the end of the first quarter continued in the second quarter. In April, markets declined after the Liberation Day tariff announcement, but recovered later when the administration softened its stance and scaled back the original proposals to calm markets. In addition, please check the fund’s top...
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