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 12, 2026
The strategy seeks long-term capital growth by investing in high-quality global companies with durable competitive advantages and attractive long-term growth opportunities. In the third quarter of 2026, the Hardman Johnston Global Equity Composite returned -5.11% net of fees, underperforming the MSCI AC World Net Index return of +1.60%. Relative performance was bolstered by Consumer Staples and Consumer Discretionary holdings, with notable strength in Estée Lauder, Hitachi, and Standard Chartered, alongside positive attribution from avoiding Tesla. However, performance was pressured by Information Technology and Industrials, driven by profit-taking and an unwind across artificial intelligence infrastructure and semiconductor holdings, specifically Vertiv Holdings, Infineon Technologies, and STMicroelectronics. Macroeconomic headwinds include Middle East conflict, elevated energy prices, sticky inflation, and high sovereign debt loads. Portfolio positioning emphasizes secular growth across energy diversification, power grid infrastructure, and European defense spending.
Disciplined, high-conviction global stock selection focused on high-quality companies with durable competitive advantages, secular growth drivers, and attractive valuations compounds capital through market cycles.
Markets are navigating tension between geopolitical conflict, higher energy costs, and persistent interest rates against resilient macroeconomic growth and secular AI infrastructure buildouts. The manager anticipates ongoing volatility will present attractive buying opportunities in fundamentally strong businesses that have suffered excessive sentiment-driven deratings. Position evaluation will remain anchored in durable earnings growth and long-term valuation fundamentals.
Moderate Conviction Bullish
Market Conviction
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Language Signal
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