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 California High-Yield Municipal Fund returned -1.31% (Investor Class) in Q2 2025, lagging its benchmark amid high-yield underperformance. The management team maintains a cautious, highly selective outlook, favoring essential service sectors over those exposed to federal policy changes.
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The California High-Yield Municipal Fund returned -1.31% (Investor Class) in Q2 2025, lagging its benchmark amid high-yield underperformance. The management team maintains a cautious, highly selective outlook, favoring essential service sectors over those exposed to federal policy changes.
