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.
Armbruster Capital Management advocates for strict long-term portfolio diversification over chasing high-flying US mega-cap technology stocks. With equity valuations near dot-com era peaks and corporate bond spreads at their narrowest since 1998, the firm cautions against concentrated market risk, preferring safer Treasury bonds, international equities, and liquid alternatives to navigate potential reversion.
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Armbruster Capital Management advocates for strict long-term portfolio diversification over chasing high-flying US mega-cap technology stocks. With equity valuations near dot-com era peaks and corporate bond spreads at their narrowest since 1998, the firm cautions against concentrated market risk, preferring safer Treasury bonds, international equities, and liquid alternatives to navigate potential reversion.
HORAN Wealth projects the bull market will continue in 2026, fueled by an estimated 15.6% growth in S&P 500 earnings and Federal Reserve rate cuts, with market leadership rotating toward cyclical, value, and international sectors.
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HORAN Wealth projects the bull market will continue in 2026, fueled by an estimated 15.6% growth in S&P 500 earnings and Federal Reserve rate cuts, with market leadership rotating toward cyclical, value, and international sectors.
QV Investors warns that extreme US market valuations (23x P/E) offer an insufficient margin of safety, advising investors to diversify internationally and prepare for volatility despite potential short-term speculative 'melt-ups'.
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QV Investors warns that extreme US market valuations (23x P/E) offer an insufficient margin of safety, advising investors to diversify internationally and prepare for volatility despite potential short-term speculative 'melt-ups'.
Global markets posted strong Q2 gains despite tariff-related volatility, with international equities outperforming the U.S. Newport Capital advocates for broad diversification across asset classes, favoring international equities, U.S. value, small-caps, and high-quality intermediate fixed income.
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Global markets posted strong Q2 gains despite tariff-related volatility, with international equities outperforming the U.S. Newport Capital advocates for broad diversification across asset classes, favoring international equities, U.S. value, small-caps, and high-quality intermediate fixed income.
Horizon navigated a volatile Q2 2025 by aggressively de-risking portfolios via its Risk Assist® algorithm in April, then re-risking to capture a record-speed recovery, finishing the quarter fully invested.
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Horizon navigated a volatile Q2 2025 by aggressively de-risking portfolios via its Risk Assist® algorithm in April, then re-risking to capture a record-speed recovery, finishing the quarter fully invested.
