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.
Internet and software valuations have stabilized below historical averages, providing a strong setup as the tech sector enters a secular inflection driven by AI inferencing, vibe coding, and agentic browsers.
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Internet and software valuations have stabilized below historical averages, providing a strong setup as the tech sector enters a secular inflection driven by AI inferencing, vibe coding, and agentic browsers.
Despite strong Q2 equity performance led by Germany, Hong Kong, and tech, the global economy faces significant headwinds from high sovereign debt, rising interest servicing costs, and potential tariff-driven inflation.
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Despite strong Q2 equity performance led by Germany, Hong Kong, and tech, the global economy faces significant headwinds from high sovereign debt, rising interest servicing costs, and potential tariff-driven inflation.
MacNicol & Associates raises a red flag over current 30x P/E multiples on the S&P 500, advising investors to look past AI exuberance and build robust downside protection through dividend payers and uncorrelated alternative funds.
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MacNicol & Associates raises a red flag over current 30x P/E multiples on the S&P 500, advising investors to look past AI exuberance and build robust downside protection through dividend payers and uncorrelated alternative funds.