Hi everyone, We want to share an important update with you. Over the past weeks, Mikael’s personal circumstances have changed in a way that requires his full presence and focus (Mikael is a father now). Because of this, we’ve made the decision to shut down the Hedge Fund Manager community for the time being. We believe it’s important to be honest and respectful of your time, and we don’t want to run a community unless we can give it the attention, depth, and consistency it truly deserves. This decision wasn’t made lightly, and it’s simply about doing what’s right right now. We’re incredibly grateful to everyone who joined, supported, and believed in the vision. This isn’t a reflection of a lack of belief in the concept, but rather a conscious choice to pause instead of delivering something half-hearted. Thank you for your understanding, trust, and support. PS. Mikael would appreciate it if the personal circumstances mentioned above are kept private and not discussed publicly or online. PPS. As a small token of appreciation, Mikael is happy to offer one year of free premium access to his Substack. To receive it, simply email him at mikael.syding@gmail.com and specify which email address you’d like to register for the Substack. Message me directly if you have any questions. Happy New Year The Hedge Fund Manager Team

New video upload about Current Events – October 28, 2025!

October 22, 2025 – Current Events with Karl-Mikael Syding

We just released a new breakdown on Comstock. Watch the full video here in the Blueprint Library.

Kaspi is the dominant super app of Kazakhstan, expanding fast into Turkey, and yet trades at under 7x earnings. Growth is strong, margins are high, and dividends could be back by 2025. This is deep value with real upside. Even without a rerating, returns look like 20%+ per year. With a rerating, 35%+ is on the table. Full breakdown in Deep Dive folder