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.
Thornburg Global Opportunities delivered strong 12-month returns of +29.49% through concentrated holdings in above-average growth businesses trading at significant discounts to the market. Technology and financial holdings drove performance while telecommunications and Chinese e-commerce detracted. The fund's 20-year track record of 3% annual outperformance versus the MSCI ACWI reflects disciplined focus on value-priced growth across global markets.
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Thornburg Global Opportunities delivered strong 12-month returns of +29.49% through concentrated holdings in above-average growth businesses trading at significant discounts to the market. Technology and financial holdings drove performance while telecommunications and Chinese e-commerce detracted. The fund's 20-year track record of 3% annual outperformance versus the MSCI ACWI reflects disciplined focus on value-priced growth across global markets.
Vision Capital Fund underperformed in 2025 with +9.8% net returns but remains positive since inception. The fund initiated a conviction position in Sea Limited while avoiding the 'speculative' AI memory and infrastructure buildout.
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Vision Capital Fund underperformed in 2025 with +9.8% net returns but remains positive since inception. The fund initiated a conviction position in Sea Limited while avoiding the 'speculative' AI memory and infrastructure buildout.
Thornburg Global Opportunities Fund finished 2025 with strong 41.08% performance, actively rotating capital from consumer discretionary into tech and healthcare to capture value amidst trade policy uncertainty.
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Thornburg Global Opportunities Fund finished 2025 with strong 41.08% performance, actively rotating capital from consumer discretionary into tech and healthcare to capture value amidst trade policy uncertainty.
