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Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
In November 2025, the Guinness Global Innovators Fund returned -1.5% (in GBP), underperforming its benchmark, the MSCI World Index (-0.6%), and the IA Global sector (-1.0%) due to negative allocation effects from its overweight exposure to Information Technology during a period of market consolidation. Despite recent short-term...
— Dr Ian Mortimer, CFA
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Other investors who've written on Medtronic
Medtronic is cited as an example of a potential value trap that appears optically cheap at 15X EPS but fails to generate an ROIC above its cost of capital. Over time, its...
We also sold our position in Medtronic. We continue to...