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.
Alluvial Fund delivered a record 41.2% net return in 2025, proving that plain vanilla value investing in 'boring' defensive companies can strongly outperform without chasing speculative AI or tech trends.
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Alluvial Fund delivered a record 41.2% net return in 2025, proving that plain vanilla value investing in 'boring' defensive companies can strongly outperform without chasing speculative AI or tech trends.
The fund capitalized heavily on the 'second wave' of AI enthusiasm and restructuring stories like Astra International, generating a strong 12.5% quarterly return.
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The fund capitalized heavily on the 'second wave' of AI enthusiasm and restructuring stories like Astra International, generating a strong 12.5% quarterly return.
AVI Global Trust drives capital appreciation by targeting deeply discounted, high-quality holding companies and closed-end funds where active engagement can catalyze value realization. Strong execution in portfolio restructurings, notably within Schibsted and across Japanese holdings, continues to validate the fund's constructive activist strategy, delivering robust outperformance relative to global benchmarks.
Full Quick Take
AVI Global Trust drives capital appreciation by targeting deeply discounted, high-quality holding companies and closed-end funds where active engagement can catalyze value realization. Strong execution in portfolio restructurings, notably within Schibsted and across Japanese holdings, continues to validate the fund's constructive activist strategy, delivering robust outperformance relative to global benchmarks.
