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 26, 2026
The TAMIM Small Cap Income Fund delivered a net return of -1.42% for September 2026, outperforming the benchmark S&P/ASX Small Ordinaries Index, which declined -2.34%. Annualized performance since inception stands at 11.45% net of fees versus 6.61% for the benchmark. Portfolio allocation remained aggressive, closing the period with 94.50% equity exposure and 5.50% in cash. The portfolio's largest sector weightings are concentrated in Industrials at 26.20%, Consumer Discretionary at 22.40%, Information Technology at 21.30%, and Financials at 17.10%. Macroeconomic conditions weakened during the month following interest rate hikes by both the Reserve Bank of Australia and the US Federal Reserve, alongside crude oil prices touching $100 per barrel. Sentiment was tempered by ongoing refinery disruptions that sustained elevated diesel prices, though maritime oil transport through the Strait of Hormuz normalized to pre-conflict levels. The manager highlights positive seasonal tailwinds entering calendar fourth-quarter trading, noting historical market strength linked to the four-year US presidential cycle. Portfolio activity was led by strong full-year operational updates across key holdings. The Koala Company exceeded IPO prospectus forecasts, expanding into modular seating and posting rapid international revenue growth. Centerpoint Alliance reported resilient recurring financial advisory earnings with expanding margins, and Clover Corporation gained market share in infant nutrition specialty oils following foreign competitor supply disruptions. The fund remains oriented toward cash-generative small-cap businesses trading at low earnings multiples.
Investing in highly profitable, well-capitalized small-cap businesses that possess structural growth drivers, pricing power, and near-term re-rating catalysts while trading at historically depressed valuation multiples.
As markets enter the seasonally strong fourth quarter of the calendar year, which represents the strongest stretch of the four-year presidential cycle, equities are expected to trade higher. The portfolio remains positioned in well-capitalized, profitable businesses forecasting growth at record low valuation multiples with clear near-term catalysts to re-rate.
Moderate Conviction Bullish
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