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.
Caledonia Investments delivered a solid 4.4% H1 return, driven by strong public equity and private capital performances, alongside the highly profitable agreed exit of Stonehage Fleming.
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Caledonia Investments delivered a solid 4.4% H1 return, driven by strong public equity and private capital performances, alongside the highly profitable agreed exit of Stonehage Fleming.
Baron Emerging Markets Fund outperformed its index in Q3 2025 with a 10.89% gain, fueled by global rate cuts and secular AI demand. The manager is highly bullish on China's competitive AI advantages and India's looming earnings upgrade cycle.
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Baron Emerging Markets Fund outperformed its index in Q3 2025 with a 10.89% gain, fueled by global rate cuts and secular AI demand. The manager is highly bullish on China's competitive AI advantages and India's looming earnings upgrade cycle.
FPA New Income Fund returned 1.65% in Q2 2025, maintaining a highly conservative posture with 96% high-quality exposure as credit spreads hovered near historical lows.
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FPA New Income Fund returned 1.65% in Q2 2025, maintaining a highly conservative posture with 96% high-quality exposure as credit spreads hovered near historical lows.
The Baron Emerging Markets Fund gained 15.39% in Q2 2025, outperforming its benchmark due to strong positioning in Korean industrials and Indian financials, while tactically reducing exposure to China.
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The Baron Emerging Markets Fund gained 15.39% in Q2 2025, outperforming its benchmark due to strong positioning in Korean industrials and Indian financials, while tactically reducing exposure to China.
The Aoris International Fund delivered robust outperformance in Q2 2025, returning 8.2% (Class A) through its concentrated, quality-focused portfolio while making tactical adjustments including exiting Copart and Atlas Copco, and adding Jack Henry.
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The Aoris International Fund delivered robust outperformance in Q2 2025, returning 8.2% (Class A) through its concentrated, quality-focused portfolio while making tactical adjustments including exiting Copart and Atlas Copco, and adding Jack Henry.
