3 weeks ago
20
Soumya Eswaran
Fri, February 27, 2026 astatine 8:50 AM CST 4 min read
Hayden Capital, an concern absorption firm, released its fourth-quarter 2025 concern letter. A transcript of the missive tin beryllium downloaded here. 2025 proved however unpredictable markets tin beryllium successful the abbreviated term. Markets displayed wide strength, highlighting their resilience. U.S. equities saw double-digit gains, portion planetary markets performed adjacent better. Remarkably, planetary stocks outpaced their U.S. counterparts for the archetypal clip since 2017. The steadfast had a productive 2025, particularly arsenic capitalist superior focused connected thing related to AI, portion different sectors were labeled arsenic “AI losers.” In Q4 2025, the portfolio returned -12.9% compared to the S&P 500's +2.7% and MSCI World's +3.3%. The portfolio had returned +14.8% annualized aft fees, since inception, compared to the S&P 500’s +13.5% and MSCI World’s +10.3% return. Approximately 42% of the portfolio is invested successful Asia, ~41% successful North America, ~16% successful Latin America, and the remainder successful cash. Due to the power of AI, the marketplace is responding much to fearfulness and rising uncertainty astir the aboriginal alternatively than to facts. In addition, delight cheque the firm’s apical 5 holdings to cognize its champion picks successful 2025.
In its fourth-quarter 2025 capitalist letter, Hayden Capital highlighted stocks similar New Oriental Education & Technology Group Inc. (NYSE:EDU). New Oriental Education & Technology Group Inc. (NYSE:EDU) facilitates backstage acquisition services successful the People's Republic of China nether the New Oriental brand. On February 26, 2026, New Oriental Education & Technology Group Inc. (NYSE:EDU) banal closed astatine $55.74 per share. One-month instrumentality of New Oriental Education & Technology Group Inc. (NYSE:EDU) was -7.68%, and its shares gained 15.93% implicit the past 52 weeks. New Oriental Education & Technology Group Inc. (NYSE:EDU) has a marketplace capitalization of $9.12 billion.
Hayden Capital stated the pursuing regarding New Oriental Education & Technology Group Inc. (NYSE:EDU) successful its 4th fourth 2025 capitalist letter:
"New Oriental Education & Technology Group Inc. (NYSE:EDU): We sold the past of our New Oriental presumption this quarter. The accidental archetypal appeared successful 2022, aft a brutal agelong for the company. China had launched a sweeping regulatory crackdown connected the afterschool tutoring assemblage successful 2021 (discussed successful our Q2 2021 letter; LINK), and shares were past deed again arsenic investors fled Chinese markets during the 2022 carnivore market. In total, the banal plummeted 96% from highest to trough successful conscionable implicit a year. Most investors wrote the institution disconnected arsenic “uninvestable”.
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