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 Cambiar International Equity Fund finished 2025 with strong double-digit absolute gains but trailed its benchmark due to cash drag and weak staples selection; the manager remains highly constructive on non-U.S. stock valuations heading into 2026.
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The Cambiar International Equity Fund finished 2025 with strong double-digit absolute gains but trailed its benchmark due to cash drag and weak staples selection; the manager remains highly constructive on non-U.S. stock valuations heading into 2026.
Infuse Partners achieved a robust 52.67% return in Q2 2025, driven by its high-conviction investment in Intellego, which tripled from its average purchase price due to strong underlying EBIT growth.
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Infuse Partners achieved a robust 52.67% return in Q2 2025, driven by its high-conviction investment in Intellego, which tripled from its average purchase price due to strong underlying EBIT growth.
Pernas Portfolio delivered an exceptional 45.6% return in 2024, significantly outperforming the S&P 500, driven by a powerful second-half rebound in core positions. Despite a challenging first half and valuable lessons learned from short-term speculative missteps, the manager remains highly optimistic about selective small-cap names and broader economic resilience heading into 2025.
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Pernas Portfolio delivered an exceptional 45.6% return in 2024, significantly outperforming the S&P 500, driven by a powerful second-half rebound in core positions. Despite a challenging first half and valuable lessons learned from short-term speculative missteps, the manager remains highly optimistic about selective small-cap names and broader economic resilience heading into 2025.
