Crescat News & Updates


Global Macro Fund ranked #1 performer in Macro category for December and full-year 2018 by BarclayHedge

February 13, 2019 - The Crescat Global Macro Fund was ranked #1 performer in Macro category for December and full-year 2018 by BarclayHedge Learn More »


CRESCAT GLOBAL MACRO ANALYST TAVI COSTA QUOTED IN FINANCIAL POST ARTICLE

How can Canada have such a tight labor market at the same time that companies are not making any money? Learn More »


CIO Kevin Smith Interviewed on Bloomberg TV

January 18, 2019 - Crescat’s Chief Investment Officer Kevin Smith discusses global economy and Canadian housing bubble. Learn More »


Strong 2018 for Crescat – Macro Opportunities Abound

January 18, 2019 - Crescat Global Macro Fund and Crescat Long/Short fund delivered strong returns for both December and full year 2018 in a difficult market. Learn More »


Crescat Global Macro Analyst Tavi Costa Quoted In Bloomberg Article

January 18, 2019 - Tavi Costa shared his views about the Canadian economy. Learn More »


2 of World’s Top Funds in 2018 per Bloomberg

"As the dust settles on a troubled year for hedge funds, some managers escaped the wreckage and even thrived.” Learn More »


Global Macro Fund Ranked #2 in Macro Category For October by BarclayHedge

December 19, 2018 - The Crescat Global Macro Fund was ranked #2 in Macro category for October performance by BarclayHedge. Learn More »


Crescat Global Macro Analyst, Tavi Costa Featured on Bloomberg

December 18, 2018 - Chasing utilities is a classic development that happens at market tops. Learn More »


Crescat November Performance Update

December 12, 2018 Dear Fellow Investors, Performance and Profit Attribution In December through yesterday’s close, Crescat Global Macro Fund (CGMF) is up an estimated 5.9% month to date and 29.9% year to date and Crescat Long/Short Fund (CLSF) is up approximately… Learn More »


Crescat Tops the Chart in October

Dear Fellow Investors, October was a frightening month for investors around the world. From Hong Kong to New York, stock markets were slammed by a wave of fears about slowing growth, trade wars, and higher interest rates. The Nasdaq took the brunt of the damage. Stocks like Amazon and Netflix… 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… 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 »