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 Driehaus Small/Mid Cap Growth Strategy capped 2025 with strong Q4 outperformance, positioning aggressively in secular industrials and biotech as small-cap earnings enter an expected multi-year acceleration cycle.
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The Driehaus Small/Mid Cap Growth Strategy capped 2025 with strong Q4 outperformance, positioning aggressively in secular industrials and biotech as small-cap earnings enter an expected multi-year acceleration cycle.
Ophir's Global Opportunities Fund returned 25.6% net in 2025, driven entirely by superior stock picking. The managers highlight that the long-awaited catalyst for small-cap outperformance—favorable relative earnings growth—is finally falling into place for 2026.
Full Quick Take
Ophir's Global Opportunities Fund returned 25.6% net in 2025, driven entirely by superior stock picking. The managers highlight that the long-awaited catalyst for small-cap outperformance—favorable relative earnings growth—is finally falling into place for 2026.
