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.
Second-quarter global markets rallied behind massive momentum in artificial intelligence infrastructure and semiconductor hardware, lifting U.S. and Asian equities to notable highs. However, stubborn inflation and tightening actions from international central banks create a bifurcated landscape, penalizing energy producers and rate-sensitive segments while rewarding secular tech compounders.
Full Quick Take
Second-quarter global markets rallied behind massive momentum in artificial intelligence infrastructure and semiconductor hardware, lifting U.S. and Asian equities to notable highs. However, stubborn inflation and tightening actions from international central banks create a bifurcated landscape, penalizing energy producers and rate-sensitive segments while rewarding secular tech compounders.
The funds navigated a volatile Q4 defined by major factor rotations and central bank divergence. While the International Fund underperformed, the Global Fund beat its benchmark, and the manager is actively deploying capital into high-quality growth names at discounted valuations outside the US.
Full Quick Take
The funds navigated a volatile Q4 defined by major factor rotations and central bank divergence. While the International Fund underperformed, the Global Fund beat its benchmark, and the manager is actively deploying capital into high-quality growth names at discounted valuations outside the US.
T. Bailey portfolios finished a strong 2025 on a high, driven by commodities and selective equities. Looking into 2026, the manager favors active stock-picking and global diversification outside the US to navigate policy divergence and structural volatility.
Full Quick Take
T. Bailey portfolios finished a strong 2025 on a high, driven by commodities and selective equities. Looking into 2026, the manager favors active stock-picking and global diversification outside the US to navigate policy divergence and structural volatility.
