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

We just dropped a full breakdown on Comfort Systems (FIX) — a U.S. engineering company with 39% ROE, strong fundamentals, and solid technical momentum. Syding explores why this stock might be undervalued despite its high P/E, and why it could deliver ~18.5% annual returns with below-market risk.

Hey everyone, Just uploaded a deep-dive breakdown into CanaGold Resources, one of the most interesting high-upside positions in my portfolio. 💡 Key points: • CanaGold is a junior gold miner in northwest Canada — not producing yet, but already sitting on 1–1.5M confirmed ounces of gold, with potential for 3x more in the area. • At current gold prices, that’s a $3–4B resource, and the company is valued at just $41M. • If things go right, I believe the stock could double yearly for the next 5 years — potentially a 32x return before they even hit full production. • The first major milestone is a vote by the Tlingit First Nation this summer 2025. Environmental permits should follow if that goes well. 🔎 This is a classic asymmetric bet: low downside, massive upside. 📹 Go to the Blueprint Library to watch the full breakdown with charts and valuation math. Or click here to go directly 👉 CanaGold If you’re new to junior miners or gold investing, I suggest watching the intro videos in The Hedge Room first to get context on how I analyze these kinds of plays. Let me know what you think — do you own any junior miners? Would you ever take a bet like this? Cheers, Karl-Mikael

Hey friends! We’ve officially kicked off our webinars and Q&A sessions. Feel free to drop your questions and join us for the next one!