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.
Pernas Portfolio returned 54.3% in 2025, outperforming the S&P 500 by 36.4%. The manager is exploiting an AI barbell strategy and small-cap flexibility, asserting that traditional mean-reversion investing is dead in the current economic era.
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Pernas Portfolio returned 54.3% in 2025, outperforming the S&P 500 by 36.4%. The manager is exploiting an AI barbell strategy and small-cap flexibility, asserting that traditional mean-reversion investing is dead in the current economic era.
The Fund underperformed its benchmark in Q4 2025 due to its barbell-driven underweight in intermediate maturities, but it remains constructively positioned with a defensive and selective posture for a complex 2026 municipal market.
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The Fund underperformed its benchmark in Q4 2025 due to its barbell-driven underweight in intermediate maturities, but it remains constructively positioned with a defensive and selective posture for a complex 2026 municipal market.
The Lord Abbett Floating Rate Fund delivered a strong Q4 return of +1.75%, outperforming its benchmark by 53 basis points due to solid credit selection and a disciplined barbell strategy. The team remains constructive on bank loans heading into 2026, citing resilient credit fundamentals and supportive Fed easing.
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The Lord Abbett Floating Rate Fund delivered a strong Q4 return of +1.75%, outperforming its benchmark by 53 basis points due to solid credit selection and a disciplined barbell strategy. The team remains constructive on bank loans heading into 2026, citing resilient credit fundamentals and supportive Fed easing.
The Fund outperformed its benchmark in Q2 2025 through active security selection and strategic reallocation, and remains cautiously optimistic about municipal valuations with a focus on long-dated maturities.
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The Fund outperformed its benchmark in Q2 2025 through active security selection and strategic reallocation, and remains cautiously optimistic about municipal valuations with a focus on long-dated maturities.
In 2Q25, the Lord Abbett High Yield Fund returned 2.85%, underperforming its index benchmark's return of 3.59%. The manager remains constructive on the asset class as recession risks subside but emphasizes rigorous selectivity to navigate potential idiosyncratic events.
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In 2Q25, the Lord Abbett High Yield Fund returned 2.85%, underperforming its index benchmark's return of 3.59%. The manager remains constructive on the asset class as recession risks subside but emphasizes rigorous selectivity to navigate potential idiosyncratic events.
