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.
Gramercy Emerging Markets Debt Fund capitalizes on strong EM resilience and a weaker U.S. dollar, driving performance through high-yield sovereign credit and targeted local-currency selections like South Africa.
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Gramercy Emerging Markets Debt Fund capitalizes on strong EM resilience and a weaker U.S. dollar, driving performance through high-yield sovereign credit and targeted local-currency selections like South Africa.
International equities continued their rally in Q2 2025, fueled by a weakening U.S. dollar and strong performance in the Eurozone and selected emerging markets. The manager believes this backdrop marks the beginning of a favorable long-run cycle.
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International equities continued their rally in Q2 2025, fueled by a weakening U.S. dollar and strong performance in the Eurozone and selected emerging markets. The manager believes this backdrop marks the beginning of a favorable long-run cycle.
While markets temporarily rallied on delayed tariffs, unresolved structural issues like a looming labor supply shock and massive global fiscal deficits pose significant risks of resurgent inflation, pointing to opportunities in resilient non-US assets.
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While markets temporarily rallied on delayed tariffs, unresolved structural issues like a looming labor supply shock and massive global fiscal deficits pose significant risks of resurgent inflation, pointing to opportunities in resilient non-US assets.
The Renaissance International Small Cap Equity strategy achieved positive absolute performance but lagged its benchmark in Q2 2025. The fund systematically rotated capital from Emerging Markets to Developed Markets, shedding regulatory and operational risks to buy secular policy beneficiaries.
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The Renaissance International Small Cap Equity strategy achieved positive absolute performance but lagged its benchmark in Q2 2025. The fund systematically rotated capital from Emerging Markets to Developed Markets, shedding regulatory and operational risks to buy secular policy beneficiaries.
The Shelton International Select Equity Fund returned 13.7% in Q2 2025, outperforming its benchmark by 1.7%, driven by strong country allocation and positive sector exposure in Europe and Asia.
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The Shelton International Select Equity Fund returned 13.7% in Q2 2025, outperforming its benchmark by 1.7%, driven by strong country allocation and positive sector exposure in Europe and Asia.
Performance table showing Q2 2025 asset class returns with international fixed income and emerging markets leading, while US small-mid cap lagged. Document lacks investment commentary or strategic insights, serving purely as performance reporting without substantive analysis.
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Performance table showing Q2 2025 asset class returns with international fixed income and emerging markets leading, while US small-mid cap lagged. Document lacks investment commentary or strategic insights, serving purely as performance reporting without substantive analysis.
