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.
UOB Asset Management adopts a tactically neutral and highly diversified stance for 4Q25, balancing a 50 percent chance of continued global growth against 50 percent combined odds of recession or stagflation. The firm underweights US equities due to demanding valuations while favoring Europe, Asia, and gold to hedge against impending tariff headwinds and employment deceleration.
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UOB Asset Management adopts a tactically neutral and highly diversified stance for 4Q25, balancing a 50 percent chance of continued global growth against 50 percent combined odds of recession or stagflation. The firm underweights US equities due to demanding valuations while favoring Europe, Asia, and gold to hedge against impending tariff headwinds and employment deceleration.
Global equities surged in Q3 2025 behind Fed rate cuts and robust AI spending, but historically high valuations and rising tariff risks lead LRIA to adopt a balanced, neutral-to-positive equity stance paired with short-duration fixed income.
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Global equities surged in Q3 2025 behind Fed rate cuts and robust AI spending, but historically high valuations and rising tariff risks lead LRIA to adopt a balanced, neutral-to-positive equity stance paired with short-duration fixed income.
Davis Global Fund posted a strong return of +14.12% in the first half of 2025, outperforming its MSCI ACWI benchmark. The fund focuses on durable, high-quality businesses trading at attractive valuations to navigate high market valuations and economic volatility.
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Davis Global Fund posted a strong return of +14.12% in the first half of 2025, outperforming its MSCI ACWI benchmark. The fund focuses on durable, high-quality businesses trading at attractive valuations to navigate high market valuations and economic volatility.
The GoodHaven Fund experienced short-term underperformance in the first half of 2025, declining 5.90%, but the manager remains highly constructive on key holdings and is actively capitalizing on volatility to reposition the portfolio for long-term gains.
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The GoodHaven Fund experienced short-term underperformance in the first half of 2025, declining 5.90%, but the manager remains highly constructive on key holdings and is actively capitalizing on volatility to reposition the portfolio for long-term gains.
The U.S. is experiencing policy-induced fiscal tightening, whereas Europe is embarking on aggressive fiscal expansion, creating a highly compelling backdrop for global equity outperformance.
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The U.S. is experiencing policy-induced fiscal tightening, whereas Europe is embarking on aggressive fiscal expansion, creating a highly compelling backdrop for global equity outperformance.
