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.
Marram generated +4.0% in 2025, taking advantage of a market disconnect to concentrate capital into high-conviction payment technology stocks while holding a high cash buffer (35% NAV) and locking in regional bank gains.
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Marram generated +4.0% in 2025, taking advantage of a market disconnect to concentrate capital into high-conviction payment technology stocks while holding a high cash buffer (35% NAV) and locking in regional bank gains.
Fiera Capital prioritizes disciplined capital allocation, focusing on private credit and infrastructure to generate sustainable returns and safeguard client assets amid economic uncertainty. Guided by new leadership, the firm is streamlining its product suite and managing costs to drive operational efficiency and expand its global footprint constructively heading into 2026.
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Fiera Capital prioritizes disciplined capital allocation, focusing on private credit and infrastructure to generate sustainable returns and safeguard client assets amid economic uncertainty. Guided by new leadership, the firm is streamlining its product suite and managing costs to drive operational efficiency and expand its global footprint constructively heading into 2026.
Marram posted a steady +0.7% net return for Q3 (+3.0% YTD), actively trimming regional banks on expanding valuations to fund fresh allocations in out-of-favor payments and biopharma while maintaining a large 31% cash cushion.
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Marram posted a steady +0.7% net return for Q3 (+3.0% YTD), actively trimming regional banks on expanding valuations to fund fresh allocations in out-of-favor payments and biopharma while maintaining a large 31% cash cushion.
Marram returned +2.3% in Q2 2025 (+2.4% YTD), maintaining a resilient portfolio with 32% cash amidst widespread market exuberance, while selectively adding minor positions in FCNCA and PINS.
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Marram returned +2.3% in Q2 2025 (+2.4% YTD), maintaining a resilient portfolio with 32% cash amidst widespread market exuberance, while selectively adding minor positions in FCNCA and PINS.
The Hardman Johnston International Equity Strategy achieved substantial outperformance in Q2 2025, returning 17.36% net due to excellent stock selection in the defense and semiconductor sectors.
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The Hardman Johnston International Equity Strategy achieved substantial outperformance in Q2 2025, returning 17.36% net due to excellent stock selection in the defense and semiconductor sectors.
