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.
The firm is tactically reducing equity exposure by 5% and locking in bond yields as the market faces rich valuations (22x P/E) and policy uncertainty from the incoming Trump administration, while selectively rotating capital into financials and healthcare.
Full Quick Take
The firm is tactically reducing equity exposure by 5% and locking in bond yields as the market faces rich valuations (22x P/E) and policy uncertainty from the incoming Trump administration, while selectively rotating capital into financials and healthcare.
