Hayden Capital commentary for the first quarter ended March 31, 2022. Dear Partners and Friends, The last six months have been extremely painful – by far, the worst period since we started Hayden. There’s a lot to worry about – the highest inflation rates in decades, an aggressive US central bank that’s rapidly increasing interest rates, and Russia’s invasion of Ukraine shaping geopolitical dynamics for the next decade. Q1 2022 hedge fund letters, conferences and more This macro uncertainty, combined with rapidly rising interest rate expectations have had a dramatic impact on the market valuat…