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.
Rondure underperformed in Q2 2023 as a speculative, liquidity-fueled mega-cap growth rally bypassed its high-quality, down-cap value strategy. The manager remains highly constructive, utilizing systematic models to identify deep valuation discounts in Japanese micro-caps and non-China emerging markets, expecting a turning dollar and peak inflation to act as key catalysts.
Full Quick Take
Rondure underperformed in Q2 2023 as a speculative, liquidity-fueled mega-cap growth rally bypassed its high-quality, down-cap value strategy. The manager remains highly constructive, utilizing systematic models to identify deep valuation discounts in Japanese micro-caps and non-China emerging markets, expecting a turning dollar and peak inflation to act as key catalysts.
