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.
Fidelity's 2045 Fund outperformed its benchmark in Q4 2025 with a 3.70% gain. The managers are cautiously positioned, reducing U.S. equity exposure in favor of cheaper international stocks, intermediate Treasurys, and commodities due to valuation and inflation concerns.
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Fidelity's 2045 Fund outperformed its benchmark in Q4 2025 with a 3.70% gain. The managers are cautiously positioned, reducing U.S. equity exposure in favor of cheaper international stocks, intermediate Treasurys, and commodities due to valuation and inflation concerns.
