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.
Ophir attributes November's fund underperformance to macro factor headwinds caused by shifting interest rate expectations, while providing a detailed analysis showing lump-sum investing generally outperforms staged entry, which acts primarily as risk insurance.
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Ophir attributes November's fund underperformance to macro factor headwinds caused by shifting interest rate expectations, while providing a detailed analysis showing lump-sum investing generally outperforms staged entry, which acts primarily as risk insurance.
Aristotle's Small Cap Equity strategy returned 3.25% net in Q2 2025, lagging the Russell 2000's 8.50% gain amid a low-quality, high-beta growth rally. The managers actively repositioned the portfolio by initiating six holdings and liquidating five, focusing on attractive long-term entry points.
Full Quick Take
Aristotle's Small Cap Equity strategy returned 3.25% net in Q2 2025, lagging the Russell 2000's 8.50% gain amid a low-quality, high-beta growth rally. The managers actively repositioned the portfolio by initiating six holdings and liquidating five, focusing on attractive long-term entry points.
