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.
Carmignac Portfolio Global Bond delivered robust relative performance in 2025, beating its benchmark by 6.50% in a year marked by extreme macro volatility. Heading into 2026, the manager maintains a cautious duration posture (3.1) and high EM exposures coupled with credit hedges.
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Carmignac Portfolio Global Bond delivered robust relative performance in 2025, beating its benchmark by 6.50% in a year marked by extreme macro volatility. Heading into 2026, the manager maintains a cautious duration posture (3.1) and high EM exposures coupled with credit hedges.
The fund underperformed its benchmark in Q3 2025 due to currency detraction, but the managers remain constructive on EM local debt, actively increasing foreign currency and duration exposures.
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The fund underperformed its benchmark in Q3 2025 due to currency detraction, but the managers remain constructive on EM local debt, actively increasing foreign currency and duration exposures.
