Alluvial Capital Management recently released its “Tactile Fund” second-quarter 2026 investor letter. The fund navigated a shifting investment environment in the second quarter of 2026, as the partial unwinding of 2025’s skepticism toward U.S. equities and the U.S. dollar was accompanied by weaker investor appetite for vulnerable geographies such as Western Europe amid the ongoing Iran conflict and elevated energy costs. The Tactile Fund gained 2.9% during the quarter, bringing its...
