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.
Militia Capital posted 19% Q1 returns through superior multi-manager execution, with individual PMs delivering 23-37% performance. This final hedge fund letter announces a strategic pivot toward building a comprehensive financial services platform featuring AI-powered investing, ETFs, and brokerage services, while promoting top performers to partnership roles.
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Militia Capital posted 19% Q1 returns through superior multi-manager execution, with individual PMs delivering 23-37% performance. This final hedge fund letter announces a strategic pivot toward building a comprehensive financial services platform featuring AI-powered investing, ETFs, and brokerage services, while promoting top performers to partnership roles.
The Ennismore European Smaller Companies Fund gained 10.7% in 2025. Despite a persistent market bias toward large caps, the fund remains highly constructive on its unloved small-cap holdings.
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The Ennismore European Smaller Companies Fund gained 10.7% in 2025. Despite a persistent market bias toward large caps, the fund remains highly constructive on its unloved small-cap holdings.
Militia Capital delivered a strong Q2 2025 return of +25.7% net, significantly outperforming the S&P 500. The fund is introducing its second portfolio manager, Michael Roussel, and is shifting its performance fee hurdle to short-term interest rates starting in 2026.
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Militia Capital delivered a strong Q2 2025 return of +25.7% net, significantly outperforming the S&P 500. The fund is introducing its second portfolio manager, Michael Roussel, and is shifting its performance fee hurdle to short-term interest rates starting in 2026.
