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 Smead Value Fund outpaced benchmarks in Q3 with a 10.72% return, using the letter to caution against speculative AI spending and advocate for a disciplined, value-oriented 'tortoise' investing strategy.
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The Smead Value Fund outpaced benchmarks in Q3 with a 10.72% return, using the letter to caution against speculative AI spending and advocate for a disciplined, value-oriented 'tortoise' investing strategy.
White Brook Capital has restructured its operations, abandoning its underperforming mid-cap strategy to launch S&P 500 Ethical, Small Cap, and All-Cap strategies. The manager is constructive on housing and AI infrastructure but warns of market manias in SPACs and bitcoin-adjacent equities.
Full Quick Take
White Brook Capital has restructured its operations, abandoning its underperforming mid-cap strategy to launch S&P 500 Ethical, Small Cap, and All-Cap strategies. The manager is constructive on housing and AI infrastructure but warns of market manias in SPACs and bitcoin-adjacent equities.
Packer & Co remains extremely cautious of the market's tech-driven rally, warning of an impending recession driven by aggressive rate hikes and record sovereign debt. The fund holds approximately 50% in defensive cash, gold, and short-term bonds, allocating its equity exposure to cheap, cash-generative energy and telecommunications leaders.
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Packer & Co remains extremely cautious of the market's tech-driven rally, warning of an impending recession driven by aggressive rate hikes and record sovereign debt. The fund holds approximately 50% in defensive cash, gold, and short-term bonds, allocating its equity exposure to cheap, cash-generative energy and telecommunications leaders.
