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.
Desert Lion Capital delivered +8.3% net year-to-date through June 2026, outperforming the JSE All Share Index by 12.1%. Manager Van Niekerk maintains high conviction in SA small- and mid-cap equities, where capital outflows and market inefficiency have created a compelling valuation opportunity with double-digit growth companies trading at single-digit PEs. The fund holds 8-15 concentrated positions with top 6 representing 86% of assets.
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Desert Lion Capital delivered +8.3% net year-to-date through June 2026, outperforming the JSE All Share Index by 12.1%. Manager Van Niekerk maintains high conviction in SA small- and mid-cap equities, where capital outflows and market inefficiency have created a compelling valuation opportunity with double-digit growth companies trading at single-digit PEs. The fund holds 8-15 concentrated positions with top 6 representing 86% of assets.
Rocklinc delivered strong Q3 returns driven by precious metals royalties and announced the launch of its first active ETF (RKLC), while maintaining a cautious cash cushion (18%) to hedge against a potential correction driven by global debt and overvalued AI stocks.
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Rocklinc delivered strong Q3 returns driven by precious metals royalties and announced the launch of its first active ETF (RKLC), while maintaining a cautious cash cushion (18%) to hedge against a potential correction driven by global debt and overvalued AI stocks.
Kingdom Capital Advisors delivered a 4.77% net return in Q1 2023 by concentrating capital in deeply undervalued, cash-rich small caps. Despite macroeconomic banking panics and energy sector headwinds, the fund capitalized on surging retail physical bullion demand through its largest position, A-Mark Precious Metals.
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Kingdom Capital Advisors delivered a 4.77% net return in Q1 2023 by concentrating capital in deeply undervalued, cash-rich small caps. Despite macroeconomic banking panics and energy sector headwinds, the fund capitalized on surging retail physical bullion demand through its largest position, A-Mark Precious Metals.
