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.
Polaris International Equity Composite returned -8.70% in Q4 2024 and 0.48% YTD, lagging the benchmark due to geopolitical volatility in South Korea and Europe along with U.S. dollar strength. The team exited fully-valued holdings in Antofagasta, Daito Trust, and Bellway, initiating new positions in LATAM Airlines, Sanofi, Chailease, and Vipshop. They remain constructive on value stocks in a higher-for-longer rate environment.
Full Quick Take
Polaris International Equity Composite returned -8.70% in Q4 2024 and 0.48% YTD, lagging the benchmark due to geopolitical volatility in South Korea and Europe along with U.S. dollar strength. The team exited fully-valued holdings in Antofagasta, Daito Trust, and Bellway, initiating new positions in LATAM Airlines, Sanofi, Chailease, and Vipshop. They remain constructive on value stocks in a higher-for-longer rate environment.
