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.
African Lions Fund returned 13.90% in Q1 2026 despite Iran war volatility, outperforming global markets through defensive positioning in telecoms and consumer staples. The manager reduced exposure to fuel-importing economies while raising cash to 6.5% for opportunistic deployment. Long-term demographic growth thesis across sub-Saharan Africa remains intact despite near-term geopolitical headwinds.
Full Quick Take
African Lions Fund returned 13.90% in Q1 2026 despite Iran war volatility, outperforming global markets through defensive positioning in telecoms and consumer staples. The manager reduced exposure to fuel-importing economies while raising cash to 6.5% for opportunistic deployment. Long-term demographic growth thesis across sub-Saharan Africa remains intact despite near-term geopolitical headwinds.
