Hedge Fund News, Information and Data, Hedge Fund Alpha

Hedge Fund Alpha

Hedge Fund News, Information and Data

We focus on hedge funds with a bias towards emerging managers, specifically fundamental long-short managers. We are known for a lot of insights and exclusives on hedge fund letters, coverage of industry conferences, and interviews with investors and interesting service providers.

Thematic (Sector/Industry)

<ul><li>LYNX Bermuda 1.5 gained 13.90 percent in September and now leads HSBC’s hedge fund performance table with a 53.06 percent return for 2026.</li><li>The worst performer, Orgueil Capital Global L/S Equity, lost 14.84 percent in the same month and is down 22.12 percent for the year.</li><li>The gap is 75.18 percentage points, up from 57.24 points four weeks ago , when Quantedge led at plus 42.45 percent and Saba Capital’s carry-neutral tail hedge was last at -14.79 percent.</li></ul>

LYNX Bermuda 1.5 gained 13.90 percent in September and now leads HSBC’s hedge fund performance table with a 53.06 percent return for 2026.The worst performer, Orgueil Capital Global L/S Equity, lost 14.84 percent in the same month and is down 22.12 percent for the year.The gap is 75.18 percentage points, up from 57.24 points four weeks ago , when Quantedge led at plus 42.45 percent and Saba Capital’s carry-neutral tail hedge was last at -14.79 percent.

LYNX Up 53% as the 2026 Hedge Fund Performance Spread Widens to 75 Points

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Celestica has become one of the more dramatic beneficiaries of the artificial intelligence infrastructure boom, but its latest financing decision has given investors something new to debate.</li><li>The company priced a $3 billion equity offering at $310 per share, issuing roughly 9.68 million shares at a steep discount to its August 5 closing price of $362.76.</li><li>The move triggered a sharp selloff, even though demand for the offering was strong and Celestica had just reported another quarter of exceptional growth.</li></ul>

Celestica has become one of the more dramatic beneficiaries of the artificial intelligence infrastructure boom, but its latest financing decision has given investors something new to debate.The company priced a $3 billion equity offering at $310 per share, issuing roughly 9.68 million shares at a steep discount to its August 5 closing price of $362.76.The move triggered a sharp selloff, even though demand for the offering was strong and Celestica had just reported another quarter of exceptional growth.

Celestica’s $3 Billion AI Gamble: Genius Move Or Shareholder Betrayal?

<ul><li>Celestica reported robust financial results for the second quarter of 2026, driven by strong demand across its Communications, Enterprise, and Advanced Technology Solutions (ATS) segments.</li><li>Total revenue reached $4.7 billion, representing a 62% year-over-year increase and surpassing the high end of the company’s guidance range.</li><li>Adjusted earnings per share (EPS) rose substantially by 83% to $2.54, supported by an adjusted operating margin of 8.2%, which marked a record high for the company.</li></ul>

Celestica reported robust financial results for the second quarter of 2026, driven by strong demand across its Communications, Enterprise, and Advanced Technology Solutions (ATS) segments.Total revenue reached $4.7 billion, representing a 62% year-over-year increase and surpassing the high end of the company’s guidance range.Adjusted earnings per share (EPS) rose substantially by 83% to $2.54, supported by an adjusted operating margin of 8.2%, which marked a record high for the company.

Celestica’s $4.7 Billion Record: AI Demand Drives 62% Revenue Growth!

Technology / Semiconductor / Internet Research

Nicolas Baratte

<ul>
<li>AI Accelerators (Nvidia and AMD GPU, hyperscalers’ chips) receive a lot of attention. AI rack assemblers, the companies that turn GPU into systems are equally interesting – and concentrated.</li>
<li>They are mostly Taiwanese firms: Hon Hai, Quanta, Wistron, Wiwynn and module makers like Accton. Growth of the top suppliers is impressive, stocks aren’t expensive.</li>
<li>2 different markets: hyperscalers customized racks, and Nvidia standard products. It is possible that standard racks that go into AI data centers or “AI factory” will outgrow hyperscalers’ spending.</li>
</ul>


AI Accelerators (Nvidia and AMD GPU, hyperscalers’ chips) receive a lot of attention. AI rack assemblers, the companies that turn GPU into systems are equally interesting – and concentrated.
They are mostly Taiwanese firms: Hon Hai, Quanta, Wistron, Wiwynn and module makers like Accton. Growth of the top suppliers is impressive, stocks aren’t expensive.
2 different markets: hyperscalers customized racks, and Nvidia standard products. It is possible that standard racks that go into AI data centers or “AI factory” will outgrow hyperscalers’ spending.


AI Servers: The Big System Designers / Assemblers in Taiwan

<ul><li>Celestica reported first quarter 2026 revenue of $4.05 billion, marking a 53% year-over-year increase and slightly surpassing the midpoint of its guidance range.</li><li>This growth was primarily driven by strong demand in the Communications & Cloud Solutions (CCS) segment, which accounted for 80% of total revenue with a 76% increase, propelled by ramping programs for 800G networking switches and next-generation AI/ML compute initiatives.</li><li>The Advanced Technology Solutions (ATS) segment contributed 20% of revenue, remaining flat year-over-year but outperforming guidance, bolstered by higher HealthTech revenue offsetting declines in Aerospace & Defense (A&D) and capital equipment areas.</li></ul>

Celestica reported first quarter 2026 revenue of $4.05 billion, marking a 53% year-over-year increase and slightly surpassing the midpoint of its guidance range.This growth was primarily driven by strong demand in the Communications & Cloud Solutions (CCS) segment, which accounted for 80% of total revenue with a 76% increase, propelled by ramping programs for 800G networking switches and next-generation AI/ML compute initiatives.The Advanced Technology Solutions (ATS) segment contributed 20% of revenue, remaining flat year-over-year but outperforming guidance, bolstered by higher HealthTech revenue offsetting declines in Aerospace & Defense (A&D) and capital equipment areas.

Celestica Raised Full-Year Guidance To $19 Billion But Supply Chain Headwinds Cloud Execution!

Canada

Celestica Inc. designs and manufactures electronic components.  The Company's products and services include design, prototyping, printed circuit assembly, full system assembly, power converters, memory packages and repair services. Celestica markets its products and services to original equipment manufacturers, primarily in the computer and communications sector.

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Celestica (CLS US)

LYNX Up 53% as the 2026 Hedge Fund Performance Spread Widens to 75 Points

LYNX Bermuda 1.5 gained 13.90 percent in September and now leads HSBC’s hedge fund performance table with a 53.06 percent return for 2026.

Hedge Fund Alpha

Celestica’s $3 Billion AI Gamble: Genius Move Or Shareholder Betrayal?

Celestica has become one of the more dramatic beneficiaries of the artificial intelligence infrastructure boom, but its latest financing decision...

Baptista Research

Celestica’s $4.7 Billion Record: AI Demand Drives 62% Revenue Growth!

Celestica reported robust financial results for the second quarter of 2026, driven by strong demand across its Communications, Enterprise, and...

Baptista Research

AI Servers: The Big System Designers / Assemblers in Taiwan

Taiwanese AI rack assemblers are gaining attention for turning GPUs into systems, showing impressive growth in the AI server rack market. Stocks...

Nicolas Baratte

Celestica Raised Full-Year Guidance To $19 Billion But Supply Chain Headwinds Cloud Execution!

Celestica reported first quarter 2026 revenue of $4.05 billion, marking a 53% year-over-year increase and slightly surpassing the midpoint of its...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

LYNX Up 53% as the 2026 Hedge Fund Performance Spread Widens to 75 Points

LYNX Bermuda 1.5 gained 13.90 percent in September and now leads HSBC’s hedge fund performance table with a 53.06 percent return for 2026.

Hedge Fund Alpha

Celestica’s $3 Billion AI Gamble: Genius Move Or Shareholder Betrayal?

Celestica has become one of the more dramatic beneficiaries of the artificial intelligence infrastructure boom, but its latest financing decision...

Baptista Research

Celestica’s $4.7 Billion Record: AI Demand Drives 62% Revenue Growth!

Celestica reported robust financial results for the second quarter of 2026, driven by strong demand across its Communications, Enterprise, and...

Baptista Research

AI Servers: The Big System Designers / Assemblers in Taiwan

​Taiwanese AI rack assemblers are gaining attention for turning GPUs into systems, showing impressive growth in the AI server rack market. Stocks...

Nicolas Baratte

Celestica Raised Full-Year Guidance To $19 Billion But Supply Chain Headwinds Cloud Execution!

Celestica reported first quarter 2026 revenue of $4.05 billion, marking a 53% year-over-year increase and slightly surpassing the midpoint of its...

Baptista Research

Taiwanese AI rack assemblers are gaining attention for turning GPUs into systems, showing impressive growth in the AI server rack market. Stocks...