GAIA Sirios Fund Edges S&P 500 in January as Long Positions Offset Short Losses

Managed by Schroders, the GAIA Sirios Fund disclosed a 1.5% gain in January. This performance narrowly edged the 1.4% return of the S&P 500 benchmark. These performances came after 2025, in which the fund underperformed the benchmark 10.7% to 17.4%.

Read more hedge fund letters here

John F. Brennan has been the portfolio manager since inception, and he is currently managing $250 million of capital in this specific vehicle.

Monthly Commentary

The long book drove January performance, offsetting losses from short positions. Net exposure peaked at 58%, which is a slight decline from last month’s 59%. Regarding the highest sector exposure, capital is divided between industrials with 17% and Tech 16%. These sectors are followed by 12% exposure to healthcare, 9% to finance, while consumer sector exposure is limited to 5%.