All five of his hedge funds have seen a 100% increase this year. Here's what this manager is currently saying about gold and technology.

Written by Emily J. Thompson, Senior Investment Analyst

Source: MarketWatch

Updated: Oct 29 2025

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Source: MarketWatch

Crescat's Hedge Fund Performance: Crescat's CEO Kevin Smith has five hedge funds among the top ten best-performing funds of 2025, with all funds doubling in value, particularly a global macro fund that advanced by 126%.
Investment Strategy: The firm's successful strategy is centered on a strong belief in precious metals and skepticism towards megacap tech stocks, coinciding with a significant rise in the Philadelphia gold and silver index, which increased by 119%.
Asset Growth: Crescat has seen substantial growth in assets under management, increasing from $224 million at the end of 2024 to approximately $400 million by the end of September 2025.
Market Context: The performance of Crescat's funds reflects broader market trends, particularly the rising value of precious metals amidst a challenging environment for technology stocks.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.