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.
Marcuard Heritage views Q2 2026 as an inflationary boom with resilient nominal growth but persistent inflation risks. The preliminary US-Iran accord reduced Middle East tail risks while AI-driven capex supports technology and semiconductors. Stagflation is the main downside risk. The firm emphasizes capital preservation through short-duration credit and Liquid Alternatives, avoiding broad equity beta given elevated valuations and rising dispersion.
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Marcuard Heritage views Q2 2026 as an inflationary boom with resilient nominal growth but persistent inflation risks. The preliminary US-Iran accord reduced Middle East tail risks while AI-driven capex supports technology and semiconductors. Stagflation is the main downside risk. The firm emphasizes capital preservation through short-duration credit and Liquid Alternatives, avoiding broad equity beta given elevated valuations and rising dispersion.
Peterson Investment Fund I delivered an outstanding 63.8% return in 2025, driven by structural re-ratings in deeply undervalued core compounders like Alibaba and Alphabet. The fund is introducing its rules-based 'Titan' cash sleeve to eliminate cash drag and maintain offensive flexibility.
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Peterson Investment Fund I delivered an outstanding 63.8% return in 2025, driven by structural re-ratings in deeply undervalued core compounders like Alibaba and Alphabet. The fund is introducing its rules-based 'Titan' cash sleeve to eliminate cash drag and maintain offensive flexibility.
