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.
Tourlite returned 2.8% in 2025, lagging behind benchmarks due to early exits on key longs despite strong alpha generation from its short book. The manager anticipates a bifurcated 2026, combining near-term equity optimism with late-year inflation concerns.
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Tourlite returned 2.8% in 2025, lagging behind benchmarks due to early exits on key longs despite strong alpha generation from its short book. The manager anticipates a bifurcated 2026, combining near-term equity optimism with late-year inflation concerns.
The fund returned 1.97% in Q4 2025, lagging its benchmark due to near-term software capex anxieties, but remains strongly positioned in key secular semiconductor and infrastructure leaders driving enterprise-grade AI deployment.
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The fund returned 1.97% in Q4 2025, lagging its benchmark due to near-term software capex anxieties, but remains strongly positioned in key secular semiconductor and infrastructure leaders driving enterprise-grade AI deployment.
The Northern Funds International Equity Fund outperformed in Q4 2025, returning 6.50% by leveraging systematic overweights in high-quality, undervalued international equities.
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The Northern Funds International Equity Fund outperformed in Q4 2025, returning 6.50% by leveraging systematic overweights in high-quality, undervalued international equities.
In 2Q25, the Lord Abbett High Yield Fund returned 2.85%, underperforming its index benchmark's return of 3.59%. The manager remains constructive on the asset class as recession risks subside but emphasizes rigorous selectivity to navigate potential idiosyncratic events.
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In 2Q25, the Lord Abbett High Yield Fund returned 2.85%, underperforming its index benchmark's return of 3.59%. The manager remains constructive on the asset class as recession risks subside but emphasizes rigorous selectivity to navigate potential idiosyncratic events.
