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.
The fund returned 7.01% in Q3 2025, underperforming its composite benchmark by 13 bps due to negative security selection among international managers, despite positive active asset allocation and strong U.S. growth holdings.
Full Quick Take
The fund returned 7.01% in Q3 2025, underperforming its composite benchmark by 13 bps due to negative security selection among international managers, despite positive active asset allocation and strong U.S. growth holdings.