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.
Pangolin Asia Fund is deploying into ASEAN market weakness, particularly Indonesia, where MSCI downgrade fears have created compelling entry points. The portfolio trades at 8.9x forward PE with 20% ROIC and estimated 30% free cash flow yield by 2030. Bottom-up stock selection focuses on quality businesses like Allianz Malaysia that passive ETF strategies miss, with local broker targets averaging 82% upside for Indonesian holdings.
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Pangolin Asia Fund is deploying into ASEAN market weakness, particularly Indonesia, where MSCI downgrade fears have created compelling entry points. The portfolio trades at 8.9x forward PE with 20% ROIC and estimated 30% free cash flow yield by 2030. Bottom-up stock selection focuses on quality businesses like Allianz Malaysia that passive ETF strategies miss, with local broker targets averaging 82% upside for Indonesian holdings.
