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.
Polen International Growth underperformed a cyclically driven market in 2025, prompting the team to exit structural laggards in favor of high-conviction positions in Nintendo and Tencent.
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Polen International Growth underperformed a cyclically driven market in 2025, prompting the team to exit structural laggards in favor of high-conviction positions in Nintendo and Tencent.
Founder Claire Barnes is handing over portfolio management of the Apollo Asia Fund to Ascender Capital on December 1, 2025, following an 8.9% NAV gain in Q3.
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Founder Claire Barnes is handing over portfolio management of the Apollo Asia Fund to Ascender Capital on December 1, 2025, following an 8.9% NAV gain in Q3.
Vision Capital Fund delivers long-term capital appreciation by concentrating investments in exceptional global compounders benefiting from structural growth tailwinds. Emphasizing business quality, sustainable earnings growth, and psychological patience over market timing, the fund views market volatility as a favorable opportunity to deploy capital into dominant market leaders.
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Vision Capital Fund delivers long-term capital appreciation by concentrating investments in exceptional global compounders benefiting from structural growth tailwinds. Emphasizing business quality, sustainable earnings growth, and psychological patience over market timing, the fund views market volatility as a favorable opportunity to deploy capital into dominant market leaders.
Baron Growth Fund returned -8.23% in Q2 2024, trailing its benchmark due to short-term pullbacks in core holdings including Kinsale, CoStar, MSCI, and Vail Resorts. Management views these declines as temporary macro or operational noise and remains confident in the portfolio's durable long-term growth fundamentals and multi-year compounding potential.
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Baron Growth Fund returned -8.23% in Q2 2024, trailing its benchmark due to short-term pullbacks in core holdings including Kinsale, CoStar, MSCI, and Vail Resorts. Management views these declines as temporary macro or operational noise and remains confident in the portfolio's durable long-term growth fundamentals and multi-year compounding potential.
