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 1, 2026
Advisory Research argues that enduring market performance requires climbing a wall of worry rather than reacting to sensational headlines. The investment team views the ongoing expansion in artificial intelligence as an infrastructure and compute buildout anchored in fundamental earnings expansion rather than speculative multiple inflation. Simultaneously, passive benchmarks face emerging structural risks as index providers expedite newly public offerings with minimal tradeable float, forcing passive capital into historically unfavorable investments. Within income investing, compressed domestic dividend yields threaten to lure conservative investors into stagnant value traps. Instead, the strategy emphasizes international equities demonstrating fifteen to twenty percent annual dividend growth to compound yield on cost. Elevated energy prices and capital expenditure bottlenecks are expected to sustain inflation above target, positioning equities as a superior ballast compared to fixed income.
Long-term compounding requires balancing dividend growth with steady income while fading transient macro headlines to focus on cash flows, disciplined capital allocation, and structural inflation resilience.
Advisory Research anticipates structurally higher crude oil prices due to persistent supply tensions and expects inflation to remain above two percent. Consequently, monetary policy may tilt toward further tightening into 2027 rather than easing. In this setting, the managers anticipate that equities backed by genuine earnings and dividend growth will outshine fixed income, while passive strategies face quiet headwinds from overvalued, low-float IPO inclusions.
Neutral / Balanced
Market Conviction
Growth Outlook
Risk Appetite
Capital Deployment
Forward Guidance
Language Signal
Perceived Risk
Opportunity Density
Time Horizon
Top Conviction Themes
Key Catalysts
Every insight in this database connects to the original source. Read the actual thesis, see the actual concerns, and make your own call.
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