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.
Royce Investment Partners highlights a pivotal shift in market leadership, with micro-caps leading major domestic indexes off their April lows. Supported by extreme valuation discounts relative to large-caps, accelerating earnings growth projections for 2026, and legislative incentives like 100% CapEx depreciation, the firm forecasts sustained strength for small-cap active managers.
Full Quick Take
Royce Investment Partners highlights a pivotal shift in market leadership, with micro-caps leading major domestic indexes off their April lows. Supported by extreme valuation discounts relative to large-caps, accelerating earnings growth projections for 2026, and legislative incentives like 100% CapEx depreciation, the firm forecasts sustained strength for small-cap active managers.
