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.
The Hotchkis & Wiley Mid-Cap Value Fund outperformed its benchmark in Q4 2025, supported by strong bank selection. While the managers warn of rich valuations in passive indices, they see immense value in their active holdings, which trade at just 11x forward earnings.
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The Hotchkis & Wiley Mid-Cap Value Fund outperformed its benchmark in Q4 2025, supported by strong bank selection. While the managers warn of rich valuations in passive indices, they see immense value in their active holdings, which trade at just 11x forward earnings.
