Hayden Capital – Quarterly Letter (2018 Q1)

Dear Partners and Friends, Well, that was an interesting end to the quarter. Trade wars, Presidential tweets, administration shake-ups… the markets hate uncertainty, and this quarter delivered it in spades. Much of this is meaningless to us, given our 10-year investment lens. However, these events certainly cause volatility in the short-run, often driven by those without the luxury of the time horizon we have, who are trying to “trade around” Continue Reading →

Hayden Capital – Quarterly Letter (2017 Q4)

Dear Partners and Friends, Our portfolio closed out 2017 on a strong note. During the fourth quarter, Hayden Capital’s portfolio gained +11.6% (net of fees), and finished 2017 with a +28.2% return for the full year. Comparatively, the S&P 500 and MSCI World Indices were up +21.8% and +24.4%, respectively. This brings our compounded annual return to +13.4% (net of fees) since inception, versus +11.3% for the S&P 500 and Continue Reading →