Crescat News & Updates


Crescat Tops the Chart in October

November 16, 2018 - October Monthly Update - Crescat’s hedge funds capitalized on the turmoil in October and climbed to the top of the US hedge fund performance tables for the month and year. Learn More »


Crescat Delivers Strong October Results

November 8, 2018 - For the third time this year, Crescat Global Macro and Crescat Long/Short hedge funds were featured among Bloomberg’s monthly top U.S. hedge fund performers. See October’s Bloomberg Hedge Fund Brief. Year-to-date and long-term performance remain strong as our macroeconomic themes and proprietary models continue to uncover successful investment opportunities. Learn More »


Crescat Welcomes New Director of Marketing and Business Development

October 18, 2018 - This is Derek Chow and I am the new Director of Marketing and Business Development for Crescat Capital. I am thrilled to join the firm and the talented individuals I now call colleagues here. Learn More »


Crescat Hedge Funds Off to a Roaring Start in October

October 11, 2018 - As September ended, so did the third quarter with diverging global financial markets: US stock indices marched to new highs while global stocks ex-US headed sharply downward. Emerging market currencies also faltered. Learn More »


Crescat Global Macro Analyst, Tavi Costa Highlighted in Bloomberg Markets Article

September 12, 2018 - Longest bull market ever. Two trillion-dollar companies. Now you can add strongest rally ever during a tightening cycle to the list of milestones for U.S. stocks. Learn More »


Global Macro Fund Ranked #3 in Macro Category for June by Barclayhedge

August 7, 2018 - The Crescat Global Macro Fund was ranked #3 in the Macro category for June 2018 performance Learn More »


Crescat July Estimates

August 3, 2018 - China equity and yuan shorts worked well for Crescat’s hedge funds in July although US equity shorts and the gold longs held back the performance. We expect US equity shorts and gold longs to be changing soon in our favor. Learn More »


Crescat Hedge Funds Highlighted in Bloomberg Brief

July 17, 2018 - Both Crescat Hedge Funds were highlighted among the top performing Funds in the June Bloomberg Hedge Fund Brief. Learn More »


Crescat Profits from Yuan Devaluation in June

July 3, 2018 - In our last quarterly letter, we showed five macro imbalances that were setting the Chinese yuan up for a substantial and imminent devaluation. Since then, our yuan devaluation theme has indeed started to play out again, like what began in 2015. Learn More »


Crescat Strategies Offer Opportunity to Capitalize on Coming Downturn

June 25, 2018 - We strongly believe that the global macro investment cycle is turning down right now and that it is a critical time to take investment action if you are not already prepared. Learn More »


Crescat May Update – Strong Performance Across All Strategies

June 7, 2018 - Crescat’s hedge funds and long-only strategy performed well in May as cracks began to show in global financial markets. Learn More »


Global Macro Fund Ranked #1 in Macro Category for February by BarclayHedge

March 29, 2018 - Crescat Global Macro Fund was ranked #1 in the Macro category for February 2018 performance. Learn More »


Crescat February Performance Featured in Bloomberg Hedge Fund Brief

March 13, 2018 - Crescat Global Macro and Long/Short hedge funds were featured among top hedge fund performers for February in the Bloomberg Hedge Fund Brief. Learn More »


February Mid-month update: Crescat Global Macro up 11.7% Since Market Top

February 8, 2018 - All Crescat strategies have outperformed the market significantly during the recent decline. Learn More »


Crescat Quoted in Bloomberg Markets Magazine

February 7, 2018 - Kevin Smith expressed Crescat’s outlook on China in a recent Bloomberg Markets Magazine. Learn More »


Kevin Smith Appears on Bloomberg TV

Crescat’s Chief Investment Officer Kevin Smith discusses his outlook on China’s Currency and Credit issues. Learn More »


Happy Holidays from Crescat Capital – Includes New Charts

Investors today are the most net long and the most bullish they have ever been. These set-ups happen but a few times in a hedge fund manager’s career. Learn More »


It’s 1929 – What Would Joe Kennedy Do?

As we showed in our recent quarterly letter, there are numerous parallels in the market today to 1929 and other historic market peaks. It is times like now, that the financial success story of Joseph P. Kennedy should be particularly inspiring. Learn More »


Crescat Capital Quarterly Letter Investor Letter Q3 2017

In our most recent quarterly letter, we show the overvaluation of US large cap stocks across six comprehensive dimensions. Learn More »


Kevin Smith to Speak at World Wealth Creation Conference

Crescat’s Chief Investment Officer Kevin Smith will speak at the World Wealth Creation Conference in Singapore on November 28, 2017. Watch the conference promotional video, sign up for the conference, and learn more about the value investing sessions. Learn More »


Kevin Smith Interviewed on Bloomberg TV

Crescat’s Chief Investment Officer Kevin Smith discusses his outlook on China’s Currency and Credit issues. Learn More »


Crescat Featured in Bloomberg

Crescat’s China Currency & Credit Bubble thesis was featured in Bloomberg, including quotes from CIO Kevin Smith. Learn More »


Crescat Q1 2017 Investor Letter

By keeping interest rates on the world reserve currency too low for too long, the Federal Reserve has created speculative asset bubbles in far-reaching areas of the globe. Learn More »


Crescat Large Cap Awarded 5-stars by Morningstar

Crescat Large Cap Composite earned a 5-Star Overall Morningstar Rating™ as of 3/31/17. See Morningstar Disclosures. Learn More »


Crescat Q1 2017 Conference Call

Kevin Smith and the Investment Team outline our Q4 2016 attribution and 2017 outlook. Learn More »


Bloomberg Story Highlights Crescat

Kevin Smith was interviewed on Crescat’s recent positioning and outlook. Learn More »


Kevin Smith Featured on CNBC

Crescat’s Kevin Smith was recently featured on CNBC’s Halftime Report, where he discussed our views on China Learn More »


Crescat Capital Featured in Barron’s

Crescat’s Chief Investment Officer Kevin C. Smith was featured in Barron’s for a hedge fund profile. In the article, Kevin discusses our recent success with our China Currency and Credit Bubble Theme, as well as the origins of the firm and our proven investment process. Learn More »