Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
SGA's quality-growth EM strategy lagged the cyclical/momentum-driven index rally in Q4 and FY2025, but the portfolio now trades at its steepest relative valuation discount since inception, presenting a highly favorable entry point.
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SGA's quality-growth EM strategy lagged the cyclical/momentum-driven index rally in Q4 and FY2025, but the portfolio now trades at its steepest relative valuation discount since inception, presenting a highly favorable entry point.
Kathmandu Capital delivered a strong 14.58% net return in Q3 2025, outperforming major benchmarks while maintaining a defensive 25% allocation in gold and positioning itself for US-China technological rivalry.
Full Quick Take
Kathmandu Capital delivered a strong 14.58% net return in Q3 2025, outperforming major benchmarks while maintaining a defensive 25% allocation in gold and positioning itself for US-China technological rivalry.
