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.
Second-quarter global markets rallied behind massive momentum in artificial intelligence infrastructure and semiconductor hardware, lifting U.S. and Asian equities to notable highs. However, stubborn inflation and tightening actions from international central banks create a bifurcated landscape, penalizing energy producers and rate-sensitive segments while rewarding secular tech compounders.
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Second-quarter global markets rallied behind massive momentum in artificial intelligence infrastructure and semiconductor hardware, lifting U.S. and Asian equities to notable highs. However, stubborn inflation and tightening actions from international central banks create a bifurcated landscape, penalizing energy producers and rate-sensitive segments while rewarding secular tech compounders.
Capital International maintains a constructive outlook for 2026, anticipating moderate equity returns driven by ongoing AI integration and supportive monetary stimulus. While massive infrastructure spending in AI and geopolitical shifts introduce volatility, the manager sees potential upside across Europe, U.S. equities, and emerging markets, while closely tracking the monetization of capital expenditures.
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Capital International maintains a constructive outlook for 2026, anticipating moderate equity returns driven by ongoing AI integration and supportive monetary stimulus. While massive infrastructure spending in AI and geopolitical shifts introduce volatility, the manager sees potential upside across Europe, U.S. equities, and emerging markets, while closely tracking the monetization of capital expenditures.
Global equities closed 2025 on a strong note, propelled by artificial intelligence infrastructure investments, robust corporate earnings, and central bank liquidity support. While economic growth remains resilient across key regions like the US and select emerging markets, investors must navigate ongoing labor market moderation, policy divergence, and lingering trade uncertainties that require a highly selective investment approach.
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Global equities closed 2025 on a strong note, propelled by artificial intelligence infrastructure investments, robust corporate earnings, and central bank liquidity support. While economic growth remains resilient across key regions like the US and select emerging markets, investors must navigate ongoing labor market moderation, policy divergence, and lingering trade uncertainties that require a highly selective investment approach.
Bailard International Equity Strategy returned a strong 5.59% net in Q3 2025, outpacing its benchmark. The firm remains constructive on international equities, supported by cheap relative valuations and key secular themes.
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Bailard International Equity Strategy returned a strong 5.59% net in Q3 2025, outpacing its benchmark. The firm remains constructive on international equities, supported by cheap relative valuations and key secular themes.
RVK's Q2 2025 analysis shows that despite early volatility from US tariff negotiations and Treasury dislocations, a subsequent pause enabled a global market rebound, leading to positive absolute performance for institutional portfolios. The firm advises using peer comparisons cautiously as single data points within broader long-term objective frameworks.
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RVK's Q2 2025 analysis shows that despite early volatility from US tariff negotiations and Treasury dislocations, a subsequent pause enabled a global market rebound, leading to positive absolute performance for institutional portfolios. The firm advises using peer comparisons cautiously as single data points within broader long-term objective frameworks.
