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.
The TAMIM Small Cap Income Fund delivered a strong +22.97% return in CY2025, navigating substantial IT sector headwinds. The manager remains constructive on the small and mid-cap segment for 2026, driven by a powerful earnings growth outlook.
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The TAMIM Small Cap Income Fund delivered a strong +22.97% return in CY2025, navigating substantial IT sector headwinds. The manager remains constructive on the small and mid-cap segment for 2026, driven by a powerful earnings growth outlook.
The Fund underperformed its benchmark in 2Q 2025 despite solid gains from its high-yield credit selection and CLO holdings. The manager adopts a cautious stance for the second half of 2025, citing potential tariff impacts and rising default risks.
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The Fund underperformed its benchmark in 2Q 2025 despite solid gains from its high-yield credit selection and CLO holdings. The manager adopts a cautious stance for the second half of 2025, citing potential tariff impacts and rising default risks.
The BlackRock Managed Income Fund achieved a 3.38% return in Q2 2025, outperforming its benchmark through tactical shifts toward international equities, covered calls, and a selective stance on fixed income duration.
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The BlackRock Managed Income Fund achieved a 3.38% return in Q2 2025, outperforming its benchmark through tactical shifts toward international equities, covered calls, and a selective stance on fixed income duration.
The Easterly Global Real Estate Fund returned -10.78% in Q4 2024, underperforming its benchmark due to adverse sector allocations. Despite short-term macro headwinds and structural challenges in the office sector, the fund remains constructive on global real estate fundamentals and maintains its focus on high-quality bottom-up stock selection.
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The Easterly Global Real Estate Fund returned -10.78% in Q4 2024, underperforming its benchmark due to adverse sector allocations. Despite short-term macro headwinds and structural challenges in the office sector, the fund remains constructive on global real estate fundamentals and maintains its focus on high-quality bottom-up stock selection.
Vulcan Value Partners delivered exceptional double-digit returns across all five strategies in 2023, outperforming benchmarks through disciplined value investing. The manager reallocated capital into high-margin-of-safety businesses, re-opened its Small Cap strategy due to wide valuation discounts, and remains fully invested in competitively entrenched companies positioned for long-term compounding.
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Vulcan Value Partners delivered exceptional double-digit returns across all five strategies in 2023, outperforming benchmarks through disciplined value investing. The manager reallocated capital into high-margin-of-safety businesses, re-opened its Small Cap strategy due to wide valuation discounts, and remains fully invested in competitively entrenched companies positioned for long-term compounding.
