Compose a hedge fund letter with performance down 25% in a quarter featuring quotes from Greek philosophers
We are writing to address the disappointing performance of our fund over the past quarter. As you are aware, the market has been volatile and our strategies have not produced the results we were hoping for. We understand that this news is frustrating, and we want to assure you that we are taking steps to course correct and get back on track.
As the Greek philosopher Epictetus once said, "It is not things themselves that disturb people, but their judgments about these things." While we may not be able to control external market forces, we can control our own reactions and responses to them. We are committed to learning from our mistakes and making any necessary adjustments to our strategies in order to improve our performance moving forward.
We also want to remind our investors of the words of another Greek philosopher, Plato, who said, "The first and greatest victory is to conquer yourself." As a hedge fund, we are in the business of managing risk and seeking out opportunities for growth. This requires patience, discipline, and a long-term perspective.
We remain confident in our team and our strategies, and we are committed to working hard to earn back your trust and deliver strong returns for our investors. Thank you for your continued support.
Sincerely, \[Hedge Fund Team\]