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.
First Eagle Global Fund posted strong Q4 2025 returns but adopts a highly cautious stance, hedging against unsustainable US twin deficits and AI tech spend with low-beta equities and a 10.87% gold allocation.
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First Eagle Global Fund posted strong Q4 2025 returns but adopts a highly cautious stance, hedging against unsustainable US twin deficits and AI tech spend with low-beta equities and a 10.87% gold allocation.
Carrington capitalised on Q3 2025 volatility by avoiding stretched US mega-caps and holding successful overweights in Gold and Chinese equities, while restructuring core holdings toward global value managers.
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Carrington capitalised on Q3 2025 volatility by avoiding stretched US mega-caps and holding successful overweights in Gold and Chinese equities, while restructuring core holdings toward global value managers.
Gabelli Funds maintains a cautious posture on broad market valuations but remains constructive on individual stock selection, targeting specific catalysts in sports, defense, and AI infrastructure.
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Gabelli Funds maintains a cautious posture on broad market valuations but remains constructive on individual stock selection, targeting specific catalysts in sports, defense, and AI infrastructure.
Goldman Sachs is refocusing on its high-return core franchises in Global Banking & Markets and Asset & Wealth Management. By reducing historical principal investments and scaling back consumer banking ventures, the firm is optimizing capital efficiency. Goldman is well-positioned to capture upside from the recovering capital markets and M&A pipeline while targetting mid-teens returns through the cycle.
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Goldman Sachs is refocusing on its high-return core franchises in Global Banking & Markets and Asset & Wealth Management. By reducing historical principal investments and scaling back consumer banking ventures, the firm is optimizing capital efficiency. Goldman is well-positioned to capture upside from the recovering capital markets and M&A pipeline while targetting mid-teens returns through the cycle.
