At Hedge Fund Alpha (formerly ValueWalk Premium), we’ve been hard at work to bring you this Q3 2025 Special Edition issue of Hidden Value Stocks over the summer (the regular edition of Q4 will still be coming out in October).
This Special Edition features Andrew Reider and Gustavo Campanha of WHG Asset Management and Ryan O’Connor of Crossroads Capital.
WHG is leading HSBC hedge fund weekly rankings throughout 2025 as one of the best performing hedge funds in 2025. See here for example.
O’Connor's Crossroads is also killing it with 21% gross (17% net) CAGR returns since inception in 2016, including 28% YTD. O'Connor featured one aerospace company doubling, his other stock pick was an adtech company, which he thinks will be more than a triplebagger.
Please contact us at [email protected] with any comments, questions or suggestions.
Jacob Wolinsky, Founder, Hedge Fund Alpha
Michelle deBoer-Jones, Editor-in-Chief, Hedge Fund Alpha
Introduction to Andrew Reider, Gustavo Campanha and WHG Asset Management
WHG Asset Management’s Global Long Bias Fund is up a phenomenal 20.3% year to date following a commanding second quarter.
In an interview with Hedge Fund Alpha, Andrew Reider and Gustavo Campanha of WHG shared an in-depth look into how they’ve been winning this year - and some stocks that are top of mind right now.
Background on Andrew Reider
Reider has been working on the buy side for over 20 years after studying economics at Harvard and then moving on to investment banking. Reider then worked at Moon Capital, a long/short emerging markets-focused hedge fund that was spun off from Oaktree Capital Management. He covered technology, with a focus on semiconductors. He left Moon Capital to work at another fund, Calypso Capital, which focuses on Europe. Reider covered infrastructure and services during the four years he spent there, which included the financial crisis.
“It was a great time because we managed to be positive in 2008, a great learning experience,” he said. “But then after a few years there Europe was undergoing a financial crisis. They were at the center of the storm, and Brazil was probably at the highs. So a lot of my friends and colleagues that were Brazilian were moving back to Brazil, and a friend introduced me to the largest hedge fund at the time in Brazil, which is still one of the pioneers and most well-known brands here in Brazil, called Verde, which means ‘green.’”
Get the full Hidden Value Stocks Q3 2025 Special Edition here.
Reider joins forces with Campanha
It was at Verde that Reider met Campanha after he moved back to Brazil in early 2012, spending half of his career in New York and half in Brazil. Reider spent five years doing long/ short global equities in a generalist role at Verde before going to Brazil’s largest family office, Brasil Warrant, which has offices in New York. Campanha worked with Reider at the family office, where he spent four years managing the internal fund before joining with Campanha to open Brazil-based WHG Asset in April 2021.
WHG has a wealth management side and an asset management side, and Reider manages the asset management side. The firm’s flagship fund is the long/ short WHG Global Long Bias Fund, which is similar to what Reider and Campanha have been doing throughout their careers.
Watching net exposures
An equity hedge fund, WHG closely monitors its net and gross exposures, actively adjusting them in different environments.. Reider said they typically have 180% gross exposure based on 120% long and 60% short, resulting in 60% net exposure.
WHG is also a global diversified fund, with two team members based in New York and the rest in Sao Paulo, Brazil.
“Like a traditional fund, we have different verticals of coverage, so an analyst team that is covering technology, consumer, industrials, commodities, financials, utilities, that kind of thing globally,” Reider explained. “We think Brazil is very sophisticated in covering, for example, financials, utilities and commodities, which are a big part of our index. And I think that has done really well. So I think expanding that to cover globally makes sense. And then I think technology is a part that Brazil is not very strong and obviously is a huge part of the index in the U.S. and globally. So our two people in New York are focused on technology. I think that makes sense to be based there just because things change very fast in technology. And I think it’s also good to have a base there.”
Get the full Hidden Value Stocks Q3 2025 Special Edition here.
