Meteora Capital LLC - April 2025 Investor Letter
Meteora Select Trading Opportunities (“MSTO” or the “Fund”) reported a net loss of ‐0.67% for April 2025, as compared to the S&P 500, which posted a decline of ‐0.68%, and HYG, which increased +0.12%. April was marked by extreme market volatility, with the S&P 500 dropping ‐12.5% before rebounding +11.8%, driven by the 90‐day ʺLiberation Dayʺ tariff delay which triggered a +9.5% single‐day rally. The 10‐year Treasury y