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 Wasatch Small Cap Growth Fund suffered its worst relative underperformance in over 20 years, down -3.71% in Q3 2025, as speculative, low-quality stocks led a major market rally. The managers are staying disciplined, pointing to a decade-high ROA premium and double-digit earnings growth as pillars for a strong multi-year recovery.
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The Wasatch Small Cap Growth Fund suffered its worst relative underperformance in over 20 years, down -3.71% in Q3 2025, as speculative, low-quality stocks led a major market rally. The managers are staying disciplined, pointing to a decade-high ROA premium and double-digit earnings growth as pillars for a strong multi-year recovery.
