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

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Equity Bottom-Up

<ul><li>Illinois’ recent mega battery storage procurement marks meaningful progress toward its 3,000-MW 2030 target, although regional grid connection constraints limited participation.</li><li>In transportation, President Trump’s openness to Chinese automakers manufacturing in the US—provided they employ American workers—signals a potential shift in EV policy, despite congressional opposition, tariffs, and existing restrictions.</li><li>Meanwhile, the EPA’s proposed rollback of power plant carbon rules could weaken incentives for carbon capture and hydrogen. </li></ul>

Illinois’ recent mega battery storage procurement marks meaningful progress toward its 3,000-MW 2030 target, although regional grid connection constraints limited participation.In transportation, President Trump’s openness to Chinese automakers manufacturing in the US—provided they employ American workers—signals a potential shift in EV policy, despite congressional opposition, tariffs, and existing restrictions.Meanwhile, the EPA’s proposed rollback of power plant carbon rules could weaken incentives for carbon capture and hydrogen. 

NGVT  - Sustainable Investing Surveyor : Focus on Ingevity Corporation

<div><ul><li>Ingevity Corporation (NYSE: NGVT) is a global specialty materials company that develops advanced carbon and engineered materials solutions. </li><li>Its activated carbon technologies capture vehicle emissions for automakers and are beginning to remove PFAS from municipal drinking water, while its paving additives help road builders cut production costs and its specialty polymers serve industrial coatings customers. </li><li>NGVT offers investors growth that is increasingly anchored in the shift toward hybrid vehicles, emerging water treatment applications, and opportunities in warm-mix asphalt and energy storage.</li></ul></div>

Ingevity Corporation (NYSE: NGVT) is a global specialty materials company that develops advanced carbon and engineered materials solutions. Its activated carbon technologies capture vehicle emissions for automakers and are beginning to remove PFAS from municipal drinking water, while its paving additives help road builders cut production costs and its specialty polymers serve industrial coatings customers. NGVT offers investors growth that is increasingly anchored in the shift toward hybrid vehicles, emerging water treatment applications, and opportunities in warm-mix asphalt and energy storage.

NGVT: Strategy Taking Hold as Core Execution and Hybrid Vehicle Demand Strengthen Results

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We will stay near-term bullish as long as crucial support levels of 6824 on SPX (up from 6480-6520), $610 on QQQ, and $245 on IWM continue to hold.</li>
<li>Just last week (1/6/26 Compass) we discussed the many breakouts (most notably the Russell 2000) which led us to believe immediate upside was ahead. The breakouts just keep coming.</li>
<li>Latest breakouts include SPX, space exploration (ARKX), autonomous/robotics (ARKQ), Consumer Discretionary (XLY), retail (XRT), homebuilders (ITB, XHB), small-cap growth (IWO), quantum (QTUM), China (MCHI), and Staples (XLP).</li>
</ul>


We will stay near-term bullish as long as crucial support levels of 6824 on SPX (up from 6480-6520), $610 on QQQ, and $245 on IWM continue to hold.
Just last week (1/6/26 Compass) we discussed the many breakouts (most notably the Russell 2000) which led us to believe immediate upside was ahead. The breakouts just keep coming.
Latest breakouts include SPX, space exploration (ARKX), autonomous/robotics (ARKQ), Consumer Discretionary (XLY), retail (XRT), homebuilders (ITB, XHB), small-cap growth (IWO), quantum (QTUM), China (MCHI), and Staples (XLP).


Breakouts Just Keep Coming; Upgrading Materials to Market Weight; Still Bullish. Buys: ALB, ATI ++

<ul><li>Balancing act. As the ag industry is preparing for the planting season, an early look at 2025 expectations by Farm Journal’s Ag Economists’ Monthly Monitor offers a mixed bag.</li><li>On one hand, after a two-year decline, net and cash farm income are expected to increase Y/Y in 2025.</li><li>On the other hand, the increase will be mostly due to an increase in government payments. </li></ul>

Balancing act. As the ag industry is preparing for the planting season, an early look at 2025 expectations by Farm Journal’s Ag Economists’ Monthly Monitor offers a mixed bag.On one hand, after a two-year decline, net and cash farm income are expected to increase Y/Y in 2025.On the other hand, the increase will be mostly due to an increase in government payments. 

Mat-Chem Notes - Tariff Concerns Proliferate as Geopolitics Remain Center Stage

United States

Ingevity Corporation manufactures specialty chemicals. The Company offers adhesives, inks, soaps, detergents, agricultural chemicals, metalworking fluids, and lubricants. Ingevity markets its products worldwide.

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Ingevity Corp (NGVT 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

NGVT - Sustainable Investing Surveyor : Focus on Ingevity Corporation

Illinois’ recent mega battery storage procurement marks meaningful progress toward its 3,000-MW 2030 target, although regional grid connection...

Water Tower Research

NGVT: Strategy Taking Hold as Core Execution and Hybrid Vehicle Demand Strengthen Results

Ingevity Corporation (NYSE: NGVT) is a global specialty materials company that develops advanced carbon and engineered materials solutions.

Water Tower Research

Breakouts Just Keep Coming; Upgrading Materials to Market Weight; Still Bullish. Buys: ALB, ATI ++

Breakouts Just Keep Coming $SPX $ARKX $ARKQ $XLY $XRT $ITB $IWO $QTUM $MCHI $XLP; Upgrading Materials to Market Weight $XLB $GDX $XME $REMX; Still...

Vermilion Research

Mat-Chem Notes - Tariff Concerns Proliferate as Geopolitics Remain Center Stage

Balancing act. As the ag industry is preparing for the planting season, an early look at 2025 expectations by Farm Journal’s Ag Economists’ Monthly...

Water Tower Research

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