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.
Pzena is aggressively rotating out of expensive, concentrated mega-cap growth into historically cheap global small-cap and value opportunities, using transient headlines as buying opportunities.
Full Quick Take
Pzena is aggressively rotating out of expensive, concentrated mega-cap growth into historically cheap global small-cap and value opportunities, using transient headlines as buying opportunities.
Ariel Fund returned +6.96% in Q2 2025, lagging the Russell 2500 Value Index but beating the Russell 2000 Value Index, as its long-term, patient approach capitalizes on deeply discounted small-cap valuations.
Full Quick Take
Ariel Fund returned +6.96% in Q2 2025, lagging the Russell 2500 Value Index but beating the Russell 2000 Value Index, as its long-term, patient approach capitalizes on deeply discounted small-cap valuations.
