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.
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.
Despite early-quarter volatility and macro hedge drag, the portfolio benefited from selective convertible opportunities and record-high primary market issuance. The manager remains constructive on secondary opportunities and corporate refinancing trends entering the second half of the year.
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Despite early-quarter volatility and macro hedge drag, the portfolio benefited from selective convertible opportunities and record-high primary market issuance. The manager remains constructive on secondary opportunities and corporate refinancing trends entering the second half of the year.
The Fund outperformed its benchmark in 2Q25 with a 1.62% return, driven by successful high-yield corporate bond allocations and selective investment-grade security choices. Despite tariff-driven market volatility, the managers remain constructively positioned with a bias toward high-quality defensive assets.
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The Fund outperformed its benchmark in 2Q25 with a 1.62% return, driven by successful high-yield corporate bond allocations and selective investment-grade security choices. Despite tariff-driven market volatility, the managers remain constructively positioned with a bias toward high-quality defensive assets.
Coho's relative value strategy underperformed in 2023 due to a narrow, multiple-expansion-driven tech rally and defensive sector headwinds, but the firm remains strictly disciplined, leveraging Q4 portfolio upgrades to position for a highly constructive 2024.
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Coho's relative value strategy underperformed in 2023 due to a narrow, multiple-expansion-driven tech rally and defensive sector headwinds, but the firm remains strictly disciplined, leveraging Q4 portfolio upgrades to position for a highly constructive 2024.
Despite historic style headwinds favoring mega-cap growth over small-cap value, Voss remains highly constructive on its concentrated portfolio. Positioned with significant gross and net long exposure, the fund is set to benefit from a second-half performance rebound as credit fears subside, M&A activity thaws, and its high-yielding, cash-generative holdings re-rate.
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Despite historic style headwinds favoring mega-cap growth over small-cap value, Voss remains highly constructive on its concentrated portfolio. Positioned with significant gross and net long exposure, the fund is set to benefit from a second-half performance rebound as credit fears subside, M&A activity thaws, and its high-yielding, cash-generative holdings re-rate.
