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.
Mawer's quality-oriented portfolios underperformed in Q4 2025 as equity leadership rotated into cyclicals and gold stocks. The firm is slightly reducing its equity weight and shifting to larger-cap equities, maintaining a cautious stance on AI valuations and fiscal deficits.
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Mawer's quality-oriented portfolios underperformed in Q4 2025 as equity leadership rotated into cyclicals and gold stocks. The firm is slightly reducing its equity weight and shifting to larger-cap equities, maintaining a cautious stance on AI valuations and fiscal deficits.
