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 Northern Hemisphere is warming much faster than the Southern Hemisphere due to structural geographic and oceanographic factors. Investors should work within the consensus climate framework rather than fighting it, focusing closely on structural threats to the insurance, agricultural, and power sectors.
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The Northern Hemisphere is warming much faster than the Southern Hemisphere due to structural geographic and oceanographic factors. Investors should work within the consensus climate framework rather than fighting it, focusing closely on structural threats to the insurance, agricultural, and power sectors.
Munro Global Growth Fund delivered a 4.9% net return in Q3 2025, driven by strong gains in AI infrastructure (Oracle, Nvidia) and battery leader CATL, while remaining highly constructive on secular growth opportunities heading into year-end.
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Munro Global Growth Fund delivered a 4.9% net return in Q3 2025, driven by strong gains in AI infrastructure (Oracle, Nvidia) and battery leader CATL, while remaining highly constructive on secular growth opportunities heading into year-end.
The Munro Global Growth Fund achieved a robust 16.1% net return for the June quarter, driven by strong gains in AI and climate-related megatrends. Following a brief period of tariff-induced defensive hedging, the fund has redeployed cash to reach a 97% long exposure, maintaining a highly bullish stance on structural growth equities.
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The Munro Global Growth Fund achieved a robust 16.1% net return for the June quarter, driven by strong gains in AI and climate-related megatrends. Following a brief period of tariff-induced defensive hedging, the fund has redeployed cash to reach a 97% long exposure, maintaining a highly bullish stance on structural growth equities.
The Munro Global Growth Fund gained 5.1% in Q2 2024, driven by strong earnings from AI hardware, semiconductor foundry, and consumer appliance holdings. Management remains constructive on equities, expecting multi-year growth from hyperscaler AI infrastructure spending and edge hardware refresh cycles.
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The Munro Global Growth Fund gained 5.1% in Q2 2024, driven by strong earnings from AI hardware, semiconductor foundry, and consumer appliance holdings. Management remains constructive on equities, expecting multi-year growth from hyperscaler AI infrastructure spending and edge hardware refresh cycles.
Apollo Asia Fund's Claire Barnes positions for a transformed future, seeking resilient Asian businesses while avoiding environmentally unsustainable companies. Despite climate and geopolitical headwinds, the portfolio trades at attractive 10.6x PE with strong fundamentals. Twenty-one percent cash provides flexibility as investment opportunities become scarcer in a world facing resource constraints and systemic changes.
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Apollo Asia Fund's Claire Barnes positions for a transformed future, seeking resilient Asian businesses while avoiding environmentally unsustainable companies. Despite climate and geopolitical headwinds, the portfolio trades at attractive 10.6x PE with strong fundamentals. Twenty-one percent cash provides flexibility as investment opportunities become scarcer in a world facing resource constraints and systemic changes.
