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.
While headline U.S. equity indices posted strong gains in 2025, underlying market dispersion and historically tight credit spreads signal caution. Major upcoming fiscal tax cuts are double-edged, risking persistent inflation amid high monetary policy uncertainty.
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While headline U.S. equity indices posted strong gains in 2025, underlying market dispersion and historically tight credit spreads signal caution. Major upcoming fiscal tax cuts are double-edged, risking persistent inflation amid high monetary policy uncertainty.
Kovitz Core Equity returned 7.9% in Q2 2025, lagging the S&P 500 due to a rally driven by speculative tech and retail FOMO. Kovitz took advantage of tariff-induced volatility to load up on high-quality detractors and initiate positions in Analog Devices and Floor & Decor.
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Kovitz Core Equity returned 7.9% in Q2 2025, lagging the S&P 500 due to a rally driven by speculative tech and retail FOMO. Kovitz took advantage of tariff-induced volatility to load up on high-quality detractors and initiate positions in Analog Devices and Floor & Decor.
Vulcan Value Partners capitalized on Q2 2025 tariff concerns and stock-specific sell-offs to opportunistically buy premier assets like UnitedHealth and IQVIA, maintaining strict value discipline through strategic capital reallocation.
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Vulcan Value Partners capitalized on Q2 2025 tariff concerns and stock-specific sell-offs to opportunistically buy premier assets like UnitedHealth and IQVIA, maintaining strict value discipline through strategic capital reallocation.
The Angel Oak High Yield Opportunities ETF generated a 3.46% NAV return in Q2 2025, slightly underperforming its corporate benchmark. The managers are adopting a cautious posture due to tight credit valuations and potential tariff headwinds, leading them to trim securitized credit in favor of high-quality corporate issuers.
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The Angel Oak High Yield Opportunities ETF generated a 3.46% NAV return in Q2 2025, slightly underperforming its corporate benchmark. The managers are adopting a cautious posture due to tight credit valuations and potential tariff headwinds, leading them to trim securitized credit in favor of high-quality corporate issuers.
