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 Patrimoine delivered a strong +3.72% return in Q3 2025, outperforming its reference. The fund remains constructive on AI and industrial equities, but maintains a cautious overall posture by utilizing negative fixed-income duration, gold, and equity hedges to guard against underpriced inflation risks.
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Carmignac Patrimoine delivered a strong +3.72% return in Q3 2025, outperforming its reference. The fund remains constructive on AI and industrial equities, but maintains a cautious overall posture by utilizing negative fixed-income duration, gold, and equity hedges to guard against underpriced inflation risks.
