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 Madison Mid Cap Fund underperformed its benchmark in Q3 2025 (+1.93% vs +5.33%) as momentum and AI exuberance led the index, prompting the managers to trim high-valuation winners and double down on their quality-focused value approach.
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The Madison Mid Cap Fund underperformed its benchmark in Q3 2025 (+1.93% vs +5.33%) as momentum and AI exuberance led the index, prompting the managers to trim high-valuation winners and double down on their quality-focused value approach.
