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 EMA GARP Fund returned a stellar 174.48% in 2025, riding a secular macro pivot toward sound money assets. The fund expects massive further gains in gold ($8k-$10k/oz) and silver ($300-$500/oz) due to relentless monetary debasement and acute physical shortages.
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The EMA GARP Fund returned a stellar 174.48% in 2025, riding a secular macro pivot toward sound money assets. The fund expects massive further gains in gold ($8k-$10k/oz) and silver ($300-$500/oz) due to relentless monetary debasement and acute physical shortages.