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 Northern Small Cap Value Fund rose 9.88% in Q3 2025, trailing its benchmark due to a speculative rally in low-quality, high-volatility names that the fund actively avoids. The manager remains committed to its disciplined, profitability-focused quality value approach.
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The Northern Small Cap Value Fund rose 9.88% in Q3 2025, trailing its benchmark due to a speculative rally in low-quality, high-volatility names that the fund actively avoids. The manager remains committed to its disciplined, profitability-focused quality value approach.
The FPA Queens Road Small Cap Value Fund returned 8.60% in Q2 2025, outperforming its benchmark, with the managers capitalizing on April tariff-related volatility to deploy cash into high-quality small-cap opportunities.
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The FPA Queens Road Small Cap Value Fund returned 8.60% in Q2 2025, outperforming its benchmark, with the managers capitalizing on April tariff-related volatility to deploy cash into high-quality small-cap opportunities.
