Long equity
Research focuses on businesses whose earnings power and cash generation may be underappreciated. We examine customer demand, competitive position and reinvestment needs, then assess what the current valuation already assumes.
Fundamental long/short equity
Investing through
the AI transition.
We invest in public companies across the AI economy, from the infrastructure that enables it to the businesses putting it to work.
Investment strategy
From business analysis
to investment decisions.
We compare a company’s earnings and cash flows with the expectations in its share price, then consider each position in the context of the portfolio.
- Asset class
- Public equities
- Research focus
- The AI value chain →
- Investment style
- Fundamental long/short
Short equity
We examine where market expectations may exceed a company's ability to deliver. Orders, margins, cash conversion and capital requirements help test the assumptions supporting a valuation.
Portfolio construction
Long and short positions are considered together. Position sizing takes account of downside scenarios, liquidity and exposures shared across holdings. We revisit each investment case as new evidence emerges.
Fund performance
Reported gross returns.
Calendar-year returns for 2024 and 2025, followed by the 2026 year-to-date return.
Before fees
Gross of management fees and performance fees.
- 2024
- +35%
- Full calendar year · Gross
- 2025
- +42%
- Full calendar year · Gross
- 2026 YTD
- +56%
- 1 January–30 September · Gross
Source: figures supplied by Hyperleap Capital.
Reporting date: 30 September 2026.
Returns shown are before management fees and performance fees. Fees reduce the return received by investors. The 2026 figure covers part of a year and is not annualised. Past performance does not guarantee future results. Capital is at risk.
Research coverage
Across the AI economy
Our research connects the suppliers of computing capacity with the infrastructure and customers that support it.
Semiconductors
Logic, memory, advanced packaging and networking. We examine product cycles, capacity investment and customer concentration.
Power & infrastructure
Generation, grid equipment and data centres. Our analysis follows project funding, equipment delivery and the timing of available capacity.
Enterprise software
Software vendors and the businesses using their products. We focus on paid adoption, retention, pricing and the cost of serving customers.
Perspectives
Research notes
Selected commentary on the industries we follow.
Featured research
Microsoft: the cash cost of capacity.
A historical cash-flow case study: why operating cash growth and cash left after capital spending can diverge.
Read the analysis →Reading the memory specifications.
Capacity, bandwidth, and workload: three different questions when assessing AI infrastructure.
Read the noteFrom announced megawatts to usable power.
Why national electricity-demand estimates cannot establish a data centre’s energisation date.
Read the noteWhat is the customer paying for?
Seats, actions, and completed work create different revenue and cost exposures for software vendors.
Read the noteThe firm
Hyper Leap Capital
Founded in 2024, Hyper Leap Capital has offices in New York and Hong Kong. The team brings together investment management, industry research and operations.
Company information → Our teamInvestor inquiries
For strategy questions and due diligence requests, contact our investor relations team.
hello@hyperleapcapital.comOur people
Investment leadership
Investment management, research and operations.
Contact
Investor relations
For investment information, company questions and research correspondence, use the form or contact us by email.
hello@hyperleapcapital.com Investor information & materials →Choose a topic so your inquiry reaches the right member of the team.