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.
Tweedy, Browne delivered positive Q3 results but trailed benchmarks, warning that high US valuations warrant caution while finding highly attractive, shareholder-friendly value opportunities in Europe and Japan.
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Tweedy, Browne delivered positive Q3 results but trailed benchmarks, warning that high US valuations warrant caution while finding highly attractive, shareholder-friendly value opportunities in Europe and Japan.
The Fund posted a solid 9.46% return in Q2 2025, driven by European financials and industrial positions, while maintaining a strong conviction in highly discounted, cash-rich Japanese equities and selective UK opportunities like Conduit Holdings.
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The Fund posted a solid 9.46% return in Q2 2025, driven by European financials and industrial positions, while maintaining a strong conviction in highly discounted, cash-rich Japanese equities and selective UK opportunities like Conduit Holdings.
Mondrian maintains a cautious view on global markets due to escalating sovereign debt risks and trade policy uncertainty, but finds compelling bottom-up value in Japanese equities characterized by fortress balance sheets and improving corporate governance.
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Mondrian maintains a cautious view on global markets due to escalating sovereign debt risks and trade policy uncertainty, but finds compelling bottom-up value in Japanese equities characterized by fortress balance sheets and improving corporate governance.
AVI Global Trust drives capital appreciation by targeting deeply discounted, high-quality holding companies and closed-end funds where active engagement can catalyze value realization. Strong execution in portfolio restructurings, notably within Schibsted and across Japanese holdings, continues to validate the fund's constructive activist strategy, delivering robust outperformance relative to global benchmarks.
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AVI Global Trust drives capital appreciation by targeting deeply discounted, high-quality holding companies and closed-end funds where active engagement can catalyze value realization. Strong execution in portfolio restructurings, notably within Schibsted and across Japanese holdings, continues to validate the fund's constructive activist strategy, delivering robust outperformance relative to global benchmarks.
