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 Smead International Value Fund posted a stellar 39.09% return in 2025, outperforming its benchmark. The managers are capitalizing on unappreciated value in European banks and global energy companies while warning of a looming correction in expensive US momentum stocks.
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The Smead International Value Fund posted a stellar 39.09% return in 2025, outperforming its benchmark. The managers are capitalizing on unappreciated value in European banks and global energy companies while warning of a looming correction in expensive US momentum stocks.
