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.
ACR warns that the S&P 500 is in a historic 'Double Bubble' with a record-high P/E of 46.6, prompting the fund to raise cash and prune overvalued holdings despite strong 2025 performance.
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ACR warns that the S&P 500 is in a historic 'Double Bubble' with a record-high P/E of 46.6, prompting the fund to raise cash and prune overvalued holdings despite strong 2025 performance.
