The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
As of Oct 5, 2026
ACATIS Investment pursues a disciplined value investing philosophy centered on fundamental analysis of high-quality companies with pricing power, sustainable cash flows, and long-term resilience against macroeconomic and geopolitical volatility. Across its fund family, August 2026 performance was driven by a robust recovery in small caps, biotechnology innovators, and enterprise software companies, while traditional mega-cap technology stalwarts experienced rotation and profit-taking. Despite broad index-level complacency reflected in a subdued VIX, underlying market dispersion and idiosyncratic volatility have widened considerably. The firm identifies key systemic risks including escalating Middle East geopolitical conflict in the Strait of Hormuz, upward pressure on energy and commodity prices, potential secondary-round inflation accelerations in Europe, and prolonged monetary tightening by both the Federal Reserve and the European Central Bank. In response, ACATIS has maintained a selective, quality-focused posture while deploying tactical hedging, including call options on S&P 500 realized variance to protect portfolios against anticipated market turbulence. Capital allocation reflects targeted rotation into mispriced market leaders adapting successfully to artificial intelligence monetization, opportunistic investments in cyclical commodity producers, and disciplined profit-taking across mature holdings that have achieved full fair value.
ACATIS maintains a proven value investing approach by focusing on quality compounders with forward-looking business models and strong pricing power to deliver stability, resilience, and superior risk-adjusted returns through volatile macroeconomic environments.
ACATIS anticipates heightened volatility and stressful periods in global capital markets driven by elevated geopolitical unrest, sustained price inflation, and potential interest rate increases in the United States and Europe. The firm expects market complacency reflected in low volatility indices to crack, continuing the observed rotation away from expensive mega-cap technology stalwarts toward resilient small caps, biotech, and mission-critical enterprise software providers with established pricing power.
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