Core Insights - Jackson Peak Capital achieved a net return of +14.0% in Q4 2025, significantly outperforming the All-Country World Index (ACWI) which rose by 3.3% and the HFRX Equity Hedge Index which increased by 1.6% [1] - The firm's strategy focuses on a concentrated long/short equity approach, aiming for strong absolute returns while minimizing correlation with broader equity markets [1] - The portfolio's net exposure decreased from 55% in Q3 to 25% at the end of Q4 2025, indicating a shift in investment strategy [1] Company Focus: EchoStar Corporation - EchoStar Corporation (NASDAQ:SATS) is highlighted as a significant investment, with a market capitalization of $31.77 billion [2] - The stock closed at $110.36 per share on February 20, 2026, with a one-month return of -8.45% but a substantial 52-week gain of 277.93% [2] - Jackson Peak Capital has initiated a significant new event-driven position in EchoStar Corporation, reflecting the firm's focus on long exposure primarily in the US and Europe [3]

Hedge Fund Strategies - Event-driven strategies are being pursued outside of multistrategy firms [1] - Big names such as Qube are providing backing to these traders [1]