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.
FPA Crescent achieved a solid 5.54% gain in Q3 2025, continuing to prune high-flyers and manage net risk exposure downward to 62.4% while finding value in mispriced operational turnarounds.
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FPA Crescent achieved a solid 5.54% gain in Q3 2025, continuing to prune high-flyers and manage net risk exposure downward to 62.4% while finding value in mispriced operational turnarounds.