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
Thornburg Global Opportunities Fund seeks long-term capital appreciation by investing in a focused, flexible portfolio of global companies that demonstrate above-average revenue per share growth while trading at attractive valuations relative to broader equity markets. For the third quarter of 2026, the fund's I shares returned 2.55% net of fees, outperforming the MSCI All Country World Index benchmark return of 1.60%. Trailing twelve-month net returns reached 19.25% net of fees versus 16.75% for the benchmark index. Performance was driven by strength in enterprise software developers, select Chinese digital platforms, and energy holdings, which compensated for drag from telecommunications providers, select financial institutions, and Asian hardware manufacturers. Portfolio management remains focused on resilient global economic activity despite heightened geopolitical conflict, U.S. trade policy uncertainty, and sticky inflation. Asset allocation reflects increased exposure to information technology and selective trims in consumer discretionary and communications services, keeping active positions anchored in businesses with proven pricing power and operational moats capable of sustaining margins.
Long-term market outperformance is achieved by maintaining a focused portfolio of competitively advantaged global businesses that deliver above-market revenue per share growth while trading at favorable valuation multiples relative to the broader market.
Management anticipates ongoing asset price volatility driven by headline shifts around interest rate trajectories, political developments, and technology adoption. Portfolio oversight will remain centered on monitoring companies' pricing power, unit economics, and operational efficiency to ensure profit margins are maintained in an elevated-inflation environment.
Moderate Conviction Bullish
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.
Buyside Digest has no business relationship, partnership, agency, sponsorship, endorsement, or affiliation with Thornburg Global Opportunities 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.