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 Rozendal Global Fund outperformed its benchmark significantly in 2025, gaining 42.8%. The manager remains focused on value-driven, long-horizon opportunities while cautioning that current gold prices are extraordinarily expensive.
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The Rozendal Global Fund outperformed its benchmark significantly in 2025, gaining 42.8%. The manager remains focused on value-driven, long-horizon opportunities while cautioning that current gold prices are extraordinarily expensive.
Rozendal's Global Fund crushed its benchmark with a 42.8% return in 2025, driven by contrarian holdings, while the managers issue a stern valuation warning on gold, calling it extraordinarily expensive.
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Rozendal's Global Fund crushed its benchmark with a 42.8% return in 2025, driven by contrarian holdings, while the managers issue a stern valuation warning on gold, calling it extraordinarily expensive.
Moon Capital outlines how long-term corporate earnings compounding triumphed over alarming 2025 headlines, and highlights a new contrarian investment in Molina Healthcare (MOH) as a highly mispriced compounder.
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Moon Capital outlines how long-term corporate earnings compounding triumphed over alarming 2025 headlines, and highlights a new contrarian investment in Molina Healthcare (MOH) as a highly mispriced compounder.
The Airlie Australian Share Fund delivered positive absolute returns but lagged the benchmark in FY25 due to an intentional underweight in highly valued banks. The fund disciplined its portfolio by exiting underperforming positions and adding Goodman Group, Aspen Group, and CSL at attractive entry points.
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The Airlie Australian Share Fund delivered positive absolute returns but lagged the benchmark in FY25 due to an intentional underweight in highly valued banks. The fund disciplined its portfolio by exiting underperforming positions and adding Goodman Group, Aspen Group, and CSL at attractive entry points.
The fund achieved positive absolute returns in FY25 but underperformed its benchmark due to an intentional underweight in extremely expensive Australian banks. The managers exited non-performing positions and added high-quality names, remaining optimistic for long-term outperformance in FY26.
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The fund achieved positive absolute returns in FY25 but underperformed its benchmark due to an intentional underweight in extremely expensive Australian banks. The managers exited non-performing positions and added high-quality names, remaining optimistic for long-term outperformance in FY26.
