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.
Baird Small/Mid Cap Growth suffered its worst relative quarter in 10 years (-3.22% vs. +10.73% benchmark) due to a speculative market favoring extreme AI valuations and momentum over fundamental quality, prompting tactical additions to beta and momentum.
Full Quick Take
Baird Small/Mid Cap Growth suffered its worst relative quarter in 10 years (-3.22% vs. +10.73% benchmark) due to a speculative market favoring extreme AI valuations and momentum over fundamental quality, prompting tactical additions to beta and momentum.
