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.
Langdon Global Smaller Companies Portfolio posted a solid 10.5% return in Q2 2025, driven by M&A activity and portfolio optimization, including exiting slower-growth positions to target European opportunities.
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Langdon Global Smaller Companies Portfolio posted a solid 10.5% return in Q2 2025, driven by M&A activity and portfolio optimization, including exiting slower-growth positions to target European opportunities.
Symphony delivered 14.9% NAV growth in 2024 through strong performance across Asian healthcare, hospitality, and real estate investments. The company successfully executed its first major exit with Solar Square achieving 5.44x returns. With mature investments positioned for exit and improving Asian market conditions, Symphony is well-positioned to maximize shareholder returns through its orderly realization strategy.
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Symphony delivered 14.9% NAV growth in 2024 through strong performance across Asian healthcare, hospitality, and real estate investments. The company successfully executed its first major exit with Solar Square achieving 5.44x returns. With mature investments positioned for exit and improving Asian market conditions, Symphony is well-positioned to maximize shareholder returns through its orderly realization strategy.
Symphony's NAV fell 23% in 2023 primarily due to logistics sector weakness affecting ITL valuation, though hospitality investments like MINT achieved record profits from travel recovery. The firm completed multiple exits generating US$30M proceeds and adopted a new strategy to return future sale proceeds to shareholders rather than reinvest, positioning for value realization as Asian markets recover.
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Symphony's NAV fell 23% in 2023 primarily due to logistics sector weakness affecting ITL valuation, though hospitality investments like MINT achieved record profits from travel recovery. The firm completed multiple exits generating US$30M proceeds and adopted a new strategy to return future sale proceeds to shareholders rather than reinvest, positioning for value realization as Asian markets recover.
