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's Short Duration High Yield Municipal Fund delivered 2.48% in Q2 2026, outperforming its benchmark by capitalizing on attractive tax-equivalent yields in high yield munis. Healthcare bonds drove consistent returns on improving fundamentals while infrastructure bonds rebounded on financing progress. Strong investor demand absorbed record issuance as municipal credit quality remained solid. The manager continues finding value in healthcare, infrastructure, and selectively in higher education despite sector challenges.
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First Eagle's Short Duration High Yield Municipal Fund delivered 2.48% in Q2 2026, outperforming its benchmark by capitalizing on attractive tax-equivalent yields in high yield munis. Healthcare bonds drove consistent returns on improving fundamentals while infrastructure bonds rebounded on financing progress. Strong investor demand absorbed record issuance as municipal credit quality remained solid. The manager continues finding value in healthcare, infrastructure, and selectively in higher education despite sector challenges.
Desert Lion Capital utilizes a highly concentrated, bottom-up value approach to invest in overlooked South African equities. Despite short-term quarterly underperformance due to active capital recycling into newly falling positions, the manager remains confident in their core long-term compounders.
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Desert Lion Capital utilizes a highly concentrated, bottom-up value approach to invest in overlooked South African equities. Despite short-term quarterly underperformance due to active capital recycling into newly falling positions, the manager remains confident in their core long-term compounders.
