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 |
|---|---|---|---|---|---|---|
The OAM European Value Fund delivered a stellar 55.8% return in 2025, significantly outperforming its benchmark (35.3%) and the passive EZU ETF (38.7%). This outstanding result was propelled by the largest outperformance of European value stocks versus growth stocks in 30 years. Key portfolio actions included fully exiting the highly successful car carrier sector (achieving an astounding 110% annualized IRR over 5 years) and Altamir, while trimming top-performing positions like Standard Chartered, VIG, and NN Group to lock in gains. Reallocated capital was deployed into deeply discounted investment trusts (such as RTW Biotech, Pantheon, and HVPE) and a highly cash-generative Norwegian oil services business. Although the fund experienced net redemptions, its net assets closed the year at $331 million due to robust investment returns. The management team remains highly bullish on the medium-term outlook, highlighting cheap valuations and expected FX tailwinds from US dollar weakness.
Buying high-quality operating businesses and investment holding companies at a significant discount to their intrinsic value or NAV, and patiently waiting for the intrinsic value to compound and the valuation discount to shrink.
The manager believes European value investing is at the beginning of a multi-year bull run rather than the end. This positive outlook is supported by historically cheap entry valuations (with top holdings trading at single-digit P/Es or massive NAV discounts), an ongoing reversal of growth stock dominance, and currency tailwinds from an expected long-term weakening of the US dollar.
As of Jan 20, 2026
Lead Portfolio Manager
High Conviction Bullish
Market Conviction
High-conviction positioning: OAM European Value Fund surged 55.8% in 2025, riding a major reversal in value stocks. The manager is actively recycling capital from highly profitable exits into deeply discounted...
Growth Outlook
Market outlook remains high conviction: OAM European Value Fund surged 55.8% in 2025, riding a major reversal in value stocks. The manager is actively recycling capital from highly profitable exits into deeply discounted...
Risk Appetite
Risk appetite posture is above average conviction: OAM European Value Fund surged 55.8% in 2025, riding a major reversal in value stocks. The manager is actively recycling capital from highly profitable exits into deeply discounted...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. OAM European Value Fund surged 55.8% in 2025, riding a major reversal in value stocks. The manager is actively recycling capital from highly profitable exits into deeply discounted...
Forward Guidance
Forward guidance signal: OAM European Value Fund surged 55.8% in 2025, riding a major reversal in value stocks. The manager is actively recycling capital from highly profitable exits into deeply discounted...
Language Signal
Tone analysis indicates high conviction language: OAM European Value Fund surged 55.8% in 2025, riding a major reversal in value stocks. The manager is actively recycling capital from highly profitable exits into deeply discounted...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. OAM European Value Fund surged 55.8% in 2025, riding a major reversal in value stocks. The manager is actively recycling capital from highly profitable exits into deeply discounted...
Opportunity Density
Opportunity density index indicates high conviction actionable entry points. OAM European Value Fund surged 55.8% in 2025, riding a major reversal in value stocks. The manager is actively recycling capital from highly profitable exits into deeply discounted...
Time Horizon
Investment time horizon reflects a high conviction orientation. OAM European Value Fund surged 55.8% in 2025, riding a major reversal in value stocks. The manager is actively recycling capital from highly profitable exits into deeply discounted...
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.
Buyside Digest has no business relationship, partnership, agency, sponsorship, endorsement, or affiliation with OAM European Value Fund or any other manager whose content appears on the Service, except where expressly stated. We do not receive Manager Content directly from managers in most cases; content is collected from publicly available sources. Managers have not necessarily reviewed, approved, authorized, or endorsed our display of their content, our editorial commentary, our metadata extraction, or our classifications. Use of a manager’s name is for accurate attribution and identification purposes only, under principles of nominative fair use.
Buyside Digest does not independently verify the regulatory status, registrations, licensing, qualifications, credentials, or professional standing of managers whose content appears on the Service. We do not represent that managers are properly registered with applicable regulatory bodies, that their content complies with applicable securities laws, or that their performance representations are accurate. Inclusion of a manager in our database is based on the publicly available nature of their content, not on our verification of their regulatory status or content compliance. Users are responsible for conducting their own due diligence on any manager.
Performance data, returns, assets under management (“AUM”), and similar figures displayed on this page are sourced from publicly available manager communications (including investor letters), public filings, or other third-party sources. Buyside Digest does not independently verify performance figures, calculate returns, or audit manager-reported data. Such figures: May be selectively reported by the manager; May use non-standard calculation methodologies; May not reflect fees, expenses, taxes, or other costs; May be inconsistent across reporting periods; May be outdated. Past performance is not indicative of future results. Performance figures should not be relied upon for investment decisions without independent verification. Users should request audited performance data directly from the manager and conduct their own due diligence.
