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.
Advisory Research remains highly bullish on global equities, rejecting the AI bubble thesis and noting that global fiscal pivots and central bank rate cuts will support multi-year economic expansion.
Full Quick Take
Advisory Research remains highly bullish on global equities, rejecting the AI bubble thesis and noting that global fiscal pivots and central bank rate cuts will support multi-year economic expansion.
The U.S. is experiencing policy-induced fiscal tightening, whereas Europe is embarking on aggressive fiscal expansion, creating a highly compelling backdrop for global equity outperformance.
Full Quick Take
The U.S. is experiencing policy-induced fiscal tightening, whereas Europe is embarking on aggressive fiscal expansion, creating a highly compelling backdrop for global equity outperformance.
While markets temporarily rallied on delayed tariffs, unresolved structural issues like a looming labor supply shock and massive global fiscal deficits pose significant risks of resurgent inflation, pointing to opportunities in resilient non-US assets.
Full Quick Take
While markets temporarily rallied on delayed tariffs, unresolved structural issues like a looming labor supply shock and massive global fiscal deficits pose significant risks of resurgent inflation, pointing to opportunities in resilient non-US assets.
First Eagle argues that markets are falsely priced for economic equilibrium, ignoring severe labor supply shocks and unrelenting sovereign debt risks that favor non-US equities and gold.
Full Quick Take
First Eagle argues that markets are falsely priced for economic equilibrium, ignoring severe labor supply shocks and unrelenting sovereign debt risks that favor non-US equities and gold.