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.
Despite tariff disputes and AI bubble anxieties, global markets wrapped up a blockbuster 2025, highlighted by South African outperformance and the ABA trade, confirming the value of patient, global diversification.
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Despite tariff disputes and AI bubble anxieties, global markets wrapped up a blockbuster 2025, highlighted by South African outperformance and the ABA trade, confirming the value of patient, global diversification.
The Wasatch-Hoisington U.S. Treasury Fund underperformed in 2025 due to rising long-term yields, but managers maintain a highly bullish outlook on long Treasuries, expecting robust macro disinflation and labor market weakness to drive yields lower in 2026.
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The Wasatch-Hoisington U.S. Treasury Fund underperformed in 2025 due to rising long-term yields, but managers maintain a highly bullish outlook on long Treasuries, expecting robust macro disinflation and labor market weakness to drive yields lower in 2026.
Baron Fifth Avenue Growth Fund finished up 18.2% in 2025, supported by exceptional fundamental growth across its portfolio companies. The fund is actively deploying capital into leading AI infrastructure builders and adaptable large-cap growth compounders.
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Baron Fifth Avenue Growth Fund finished up 18.2% in 2025, supported by exceptional fundamental growth across its portfolio companies. The fund is actively deploying capital into leading AI infrastructure builders and adaptable large-cap growth compounders.
The Angel Oak Multi-Strategy Income Fund outperformed its benchmark in Q3 2025 with a 2.13% return, heavily supported by its overweight position in resilient non-agency mortgage credit, while management maintains a cautious economic stance.
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The Angel Oak Multi-Strategy Income Fund outperformed its benchmark in Q3 2025 with a 2.13% return, heavily supported by its overweight position in resilient non-agency mortgage credit, while management maintains a cautious economic stance.
