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.
LRT Global Opportunities finished September down -8.00% (-0.17% YTD) amidst extreme mega-cap-led market froth. Manager Lukasz Tomicki warns of historic broad market overvaluations and remains highly constructive on his low-beta, high-quality hedged portfolio.
Full Quick Take
LRT Global Opportunities finished September down -8.00% (-0.17% YTD) amidst extreme mega-cap-led market froth. Manager Lukasz Tomicki warns of historic broad market overvaluations and remains highly constructive on his low-beta, high-quality hedged portfolio.
Turtle Creek warns that the S&P 500's high valuation (22x) points to flat 10-year market returns, while positioning its own portfolio at 10.4x earnings with >20% projected annual growth to deliver superior long-term performance.
Full Quick Take
Turtle Creek warns that the S&P 500's high valuation (22x) points to flat 10-year market returns, while positioning its own portfolio at 10.4x earnings with >20% projected annual growth to deliver superior long-term performance.
