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.
TimesSquare's Small Cap Growth composite lagged its benchmark in 3Q25 as a speculative, non-earning stock rally penalised the fund's quality-growth bias. The manager is maintaining strict discipline, pruning lagging execution stories, and selectively adding to high-conviction holdings on pullbacks.
Full Quick Take
TimesSquare's Small Cap Growth composite lagged its benchmark in 3Q25 as a speculative, non-earning stock rally penalised the fund's quality-growth bias. The manager is maintaining strict discipline, pruning lagging execution stories, and selectively adding to high-conviction holdings on pullbacks.
The fund posted a 6.84% return for Q3 2025, trailing its benchmark due to specific stock selection, but maintains a constructive outlook for 2026 backed by anticipated rate cuts and secular AI investments.
Full Quick Take
The fund posted a 6.84% return for Q3 2025, trailing its benchmark due to specific stock selection, but maintains a constructive outlook for 2026 backed by anticipated rate cuts and secular AI investments.
