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.
Madison Small Cap Fund struggled in 2025 as the market favored speculative, unprofitable assets over fundamental quality. The fund capitalized on the valuation disconnect in Q4 to aggressively rotate into high-conviction, durable compounders.
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Madison Small Cap Fund struggled in 2025 as the market favored speculative, unprofitable assets over fundamental quality. The fund capitalized on the valuation disconnect in Q4 to aggressively rotate into high-conviction, durable compounders.
Janus Henderson Forty Fund delivered a strong Q2 2025 return of 19.34%, outperforming its benchmark through tactical additions to AI-infrastructure leaders and a growing focus on the AI application layer.
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Janus Henderson Forty Fund delivered a strong Q2 2025 return of 19.34%, outperforming its benchmark through tactical additions to AI-infrastructure leaders and a growing focus on the AI application layer.
