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.
First Eagle Global Fund posted strong Q4 2025 returns but adopts a highly cautious stance, hedging against unsustainable US twin deficits and AI tech spend with low-beta equities and a 10.87% gold allocation.
Full Quick Take
First Eagle Global Fund posted strong Q4 2025 returns but adopts a highly cautious stance, hedging against unsustainable US twin deficits and AI tech spend with low-beta equities and a 10.87% gold allocation.
