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 fund achieved positive absolute returns in FY25 but underperformed its benchmark due to an intentional underweight in extremely expensive Australian banks. The managers exited non-performing positions and added high-quality names, remaining optimistic for long-term outperformance in FY26.
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The fund achieved positive absolute returns in FY25 but underperformed its benchmark due to an intentional underweight in extremely expensive Australian banks. The managers exited non-performing positions and added high-quality names, remaining optimistic for long-term outperformance in FY26.
