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.
KCM Small Cap Growth Composite posted a +5.44% net return in Q3 2025, lagging the benchmark due to a sharp, narrow rally in low-quality and unprofitable companies. The PMs remain disciplined, focusing on secular growth trends with solid unit economics over hype.
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KCM Small Cap Growth Composite posted a +5.44% net return in Q3 2025, lagging the benchmark due to a sharp, narrow rally in low-quality and unprofitable companies. The PMs remain disciplined, focusing on secular growth trends with solid unit economics over hype.
