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 Compounding Tortoise posted a -10.79% return for Q1 2026 due to severe valuation headwinds but remains highly committed to its concentrated quality-compounder strategy and key positions like Diploma PLC.
Full Quick Take
The Compounding Tortoise posted a -10.79% return for Q1 2026 due to severe valuation headwinds but remains highly committed to its concentrated quality-compounder strategy and key positions like Diploma PLC.
The Income Equity portfolio declined 1.6% net in Q4 2025, trailing its value benchmark due to a lack of bank exposure and factor headwinds, prompting a cautious and highly defensive quality-oriented outlook for 2026.
Full Quick Take
The Income Equity portfolio declined 1.6% net in Q4 2025, trailing its value benchmark due to a lack of bank exposure and factor headwinds, prompting a cautious and highly defensive quality-oriented outlook for 2026.
As immediate global recession fears subside and central bank rate hikes approach their terminal peak, Alpinum is selectively increasing risk by maintaining an overweight in short-term, non-cyclical corporate credit yielding 8-9% while cautiously upgrading global equities from underweight positions, utilizing an absolute-return approach to manage persistent core inflation and valuation headwinds.
Full Quick Take
As immediate global recession fears subside and central bank rate hikes approach their terminal peak, Alpinum is selectively increasing risk by maintaining an overweight in short-term, non-cyclical corporate credit yielding 8-9% while cautiously upgrading global equities from underweight positions, utilizing an absolute-return approach to manage persistent core inflation and valuation headwinds.
