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.
QCAM expects a bearish trend for the US Dollar in 2026, driven by moderating US growth and Fed rate cuts. However, extremely low FX volatility poses a key risk; a breakdown of this disconnect could trigger sharp currency movements, favoring the USD in geopolitical shocks but harming it under US policy credibility failures.
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QCAM expects a bearish trend for the US Dollar in 2026, driven by moderating US growth and Fed rate cuts. However, extremely low FX volatility poses a key risk; a breakdown of this disconnect could trigger sharp currency movements, favoring the USD in geopolitical shocks but harming it under US policy credibility failures.
Night Watch Investment Partners surged 23.31% net in Q2 2025 (YTD 20.71%), driven by strong gains in core positions like Haypp and Marex. The fund dynamically managed geopolitical risks by exiting Remitly and taking profit on a 160% gain in Dream International.
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Night Watch Investment Partners surged 23.31% net in Q2 2025 (YTD 20.71%), driven by strong gains in core positions like Haypp and Marex. The fund dynamically managed geopolitical risks by exiting Remitly and taking profit on a 160% gain in Dream International.
The Fundsmith Equity Fund fell 1.9% in the first half of 2025, primarily dragged down by corporate governance issues at Danish medical holdings Novo Nordisk and Coloplast, as well as currency headwinds from a weaker US Dollar.
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The Fundsmith Equity Fund fell 1.9% in the first half of 2025, primarily dragged down by corporate governance issues at Danish medical holdings Novo Nordisk and Coloplast, as well as currency headwinds from a weaker US Dollar.
