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.
Arnott Capital returned flat in H1 2026 despite strong gains from AI memory and Korean reform offset by UK homebuilder losses and hedge costs. March commodity shock exposed concentrated oil and rate exposures across seemingly diversified positions. The manager has repositioned toward underappreciated AI beneficiaries, Korean governance plays and physical infrastructure benefiting from a decade of capital underinvestment colliding with AI, energy security and defense demand.
Full Quick Take
Arnott Capital returned flat in H1 2026 despite strong gains from AI memory and Korean reform offset by UK homebuilder losses and hedge costs. March commodity shock exposed concentrated oil and rate exposures across seemingly diversified positions. The manager has repositioned toward underappreciated AI beneficiaries, Korean governance plays and physical infrastructure benefiting from a decade of capital underinvestment colliding with AI, energy security and defense demand.
Arnott Capital delivered an 11.22% net return in 2025, driven by gains in Softbank and aerospace. Entering 2026, they are highly constructive on South Korean corporate reforms and are initiating shorts against viral consumer fads.
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Arnott Capital delivered an 11.22% net return in 2025, driven by gains in Softbank and aerospace. Entering 2026, they are highly constructive on South Korean corporate reforms and are initiating shorts against viral consumer fads.
MEMF delivered a robust 11.8% recovery in Q2 2025 despite tariff-driven volatility, using the pullback to consolidate its portfolio into 29 high-quality, domestic EM growth names aligned with AI capex and Indian infrastructure.
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MEMF delivered a robust 11.8% recovery in Q2 2025 despite tariff-driven volatility, using the pullback to consolidate its portfolio into 29 high-quality, domestic EM growth names aligned with AI capex and Indian infrastructure.
Platinum Asset Management is positioned cautiously on US mega-cap tech due to tariff and valuation risks, choosing instead to overweight contrarian structural opportunities in South Korea, European financials, and AI-driven energy enablers.
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Platinum Asset Management is positioned cautiously on US mega-cap tech due to tariff and valuation risks, choosing instead to overweight contrarian structural opportunities in South Korea, European financials, and AI-driven energy enablers.
