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.
Sands Capital's International Growth strategy underperformed in Q3 2025 due to a sharp style rotation to value and multiple compression, but the managers proactively repositioned the portfolio into higher-conviction secular growth names.
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Sands Capital's International Growth strategy underperformed in Q3 2025 due to a sharp style rotation to value and multiple compression, but the managers proactively repositioned the portfolio into higher-conviction secular growth names.
NCG delivered strong outperformance in most growth strategies in 2Q25 as markets rallied. The firm is constructive on the corporate earnings trajectory and sees generational opportunities in small-cap valuations.
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NCG delivered strong outperformance in most growth strategies in 2Q25 as markets rallied. The firm is constructive on the corporate earnings trajectory and sees generational opportunities in small-cap valuations.
The abrdn U.S. Small Cap Equity Fund generated positive absolute returns but underperformed the Russell 2000 Index in Q2 2025 amid trade tariff uncertainty and shifting monetary expectations. Portfolio management continues to prioritize resilient, high-quality businesses positioned to benefit from secular reshoring and infrastructure tailwinds.
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The abrdn U.S. Small Cap Equity Fund generated positive absolute returns but underperformed the Russell 2000 Index in Q2 2025 amid trade tariff uncertainty and shifting monetary expectations. Portfolio management continues to prioritize resilient, high-quality businesses positioned to benefit from secular reshoring and infrastructure tailwinds.
The Hood River U.S. Small-Cap Growth Fund returned a strong +16.81% in Q2 2025, outperforming its benchmark by +484 bps as the market refocused on company fundamentals over macro worries.
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The Hood River U.S. Small-Cap Growth Fund returned a strong +16.81% in Q2 2025, outperforming its benchmark by +484 bps as the market refocused on company fundamentals over macro worries.
