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© 2026 Maz Vantage

Quotes may be delayed.

Maz Vantage is a research tool, not financial advice. Ratings, scores, fair values and signals are generated from market data by this product’s own models, without considering your objectives, financial situation or needs. Verify anything you intend to act on against primary filings. Investment disclaimer

RESEARCH

Letters & Outlooks

What the large houses and the best-known funds are telling their own clients — each linked to the publisher’s copy.

352 documents from 114 firms

October 2026

WM

·Commentary·5 Oct 2026

When market cycles create opportunity: a value investor’s perspective

Read at wellington.com (opens the publisher’s site in a new tab)
GR

·Commentary·3 Oct 2026·Filed automatically

EM Weekly October 3, 2026

Read at gramercy.com (opens the publisher’s site in a new tab)
DWS

·Commentary·2 Oct 2026

U.S. Treasuries: the perils of hindsight

Read at dws.com (opens the publisher’s site in a new tab)
PC

·Commentary·2 Oct 2026·Filed automatically

Pender Market Insights

Read at penderfund.com (opens the publisher’s site in a new tab)
SC

·Commentary·2 Oct 2026

No Country for Old (or Young) Men

By Bill Smead

Read at smeadcap.com (opens the publisher’s site in a new tab)
UC

·Commentary·2 Oct 2026

The labor market anomaly

By Paul Donovan

Read at ubs.com (opens the publisher’s site in a new tab)
BG

·Commentary·1 Oct 2026

Chinese innovation: what we saw on the ground

Read at bailliegifford.com (opens the publisher’s site in a new tab)
BL

·Commentary·1 Oct 2026·Filed automatically

Firm News Archives

Read at blackstone.com (opens the publisher’s site in a new tab)
CI

·Commentary·1 Oct 2026·Filed automatically

Calamos Phineus Long/Short Mutual Fund

Read at calamos.com (opens the publisher’s site in a new tab)
DB

·Research·1 Oct 2026·Covers 3Q 2026

Q3 Tech performance review

Read at dbresearch.com (opens the publisher’s site in a new tab)
JH

·Commentary·1 Oct 2026

Market moves & themes that mattered: September 2026

Read at janushenderson.com (opens the publisher’s site in a new tab)
MC

·Commentary·1 Oct 2026·Filed automatically

Japan’s Bond Market Could Be the Next Catalyst for Global Yields

Read at mottcapitalmanagement.com (opens the publisher’s site in a new tab)
UC

·Commentary·1 Oct 2026

House View Daily: Treasuries face a challenging reset

Read at ubs.com (opens the publisher’s site in a new tab)

September 2026

AI

·Commentary·30 Sep 2026

The road ahead for central banks

Read at research-center.amundi.com (opens the publisher’s site in a new tab)
BG

·Commentary·30 Sep 2026

Monks and SAINTS: two paths to global growth

Read at bailliegifford.com (opens the publisher’s site in a new tab)
JM

·Chart book·30 Sep 2026·Covers 4Q 2026

Guide to the Markets — U.S., 4Q 2026

By Dr. David Kelly, Global Market Insights Strategy team

Seventy-one pages of charts on the economy, equities, fixed income, international markets and alternatives, with data as of 30 September 2026.

Current edition at am.jpmorgan.com · PDF, 71 pp (opens the publisher’s site in a new tab)The publisher reuses this address for each new edition.
JM

·Commentary·30 Sep 2026

One economy, two markets, one message

Read at privatebank.jpmorgan.com (opens the publisher’s site in a new tab)
KKR

·Commentary·30 Sep 2026

Let There Be Compute!

Read at kkr.com (opens the publisher’s site in a new tab)
LR

·Commentary·30 Sep 2026

An Upcoming Eventful Fourth Quarter as Markets Face Key Tests

Read at lpl.com (opens the publisher’s site in a new tab)
MC

·Commentary·30 Sep 2026·Filed automatically

S&P 500 Holds Up as High Yield and Global Credit Weaken

Read at mottcapitalmanagement.com (opens the publisher’s site in a new tab)
MP

·Commentary·30 Sep 2026·Filed automatically

Responsible Investment Report FY2026

Read at munropartners.com (opens the publisher’s site in a new tab)
BL

·Commentary·29 Sep 2026

Former Google CEO Eric Schmidt: The Road to Superintelligence

Read at blackstone.com (opens the publisher’s site in a new tab)
FE

·Commentary·29 Sep 2026

Credit Dispersion Is High Despite Market Calm

Read at firsteagle.com (opens the publisher’s site in a new tab)
GA

·Commentary·29 Sep 2026·Filed automatically

The Experience Economy: Access and Protection

Read at greenalphaadvisors.com (opens the publisher’s site in a new tab)
MP

·Commentary·29 Sep 2026·Filed automatically

Catching Up with Roger Ibbotson: Reflections on Asset Allocation, Diversification and Long-Term Investing

Read at masecoprivatewealth.com (opens the publisher’s site in a new tab)
MV

·Commentary·29 Sep 2026

What Belongs in an Index? A Response to MSCI’s Equity Index Committee

Read at millervalue.com (opens the publisher’s site in a new tab)
PC

·Commentary·29 Sep 2026·Filed automatically

Pender Alternative Multi-Strategy Growth Fund

Read at penderfund.com (opens the publisher’s site in a new tab)
TI

·Commentary·29 Sep 2026·Filed automatically

Reflecting On the Anniversary of Thornburg Global Opportunities Fund

Read at thornburg.com (opens the publisher’s site in a new tab)
WM

·Commentary·29 Sep 2026

The total portfolio approach: A mindset, not a mandate

Read at wellington.com (opens the publisher’s site in a new tab)
DB

·Research·28 Sep 2026

The end of the safety net: Life without the macroeconomic stabilisers

Read at dbresearch.com (opens the publisher’s site in a new tab)
IN

·Commentary·28 Sep 2026

Why Meta’s Muse may support the AI bull market

Discussed
Read at invesco.com (opens the publisher’s site in a new tab)
MC

·Commentary·28 Sep 2026·Filed automatically

Rising Rates Put The Stock Market Back on Alert

Read at mottcapitalmanagement.com (opens the publisher’s site in a new tab)
WM

·Commentary·28 Sep 2026

US utilities: What data center politics could mean for investors

Read at wellington.com (opens the publisher’s site in a new tab)
DWS

·Commentary·25 Sep 2026

Energy shocks expose statistical blind spots

Read at dws.com (opens the publisher’s site in a new tab)
WM

·Commentary·25 Sep 2026

Resilient growth, rising risks: Investing through the energy shock

By Eoin O’Callaghan

Read at wellington.com (opens the publisher’s site in a new tab)
BG

·Commentary·24 Sep 2026

What is active management for?

By Dave Bujnowski

Read at bailliegifford.com (opens the publisher’s site in a new tab)
EC

·Economic outlook·24 Sep 2026

Economic Bulletin, Issue 6/2026

Read at ecb.europa.eu (opens the publisher’s site in a new tab)
FE

·Commentary·24 Sep 2026·Filed automatically

Credit Markets Show Growing Dispersion

Read at firsteagle.com (opens the publisher’s site in a new tab)
GS

·Commentary·23 Sep 2026

Will European Gas Prices Keep Rising This Winter?

Read at goldmansachs.com (opens the publisher’s site in a new tab)
KKR

·Research·23 Sep 2026

The Case for Asia Private Equity

Read at kkr.com (opens the publisher’s site in a new tab)
MS

·Commentary·23 Sep 2026

The Midterm Election Signals Investors Should Watch

Read at morganstanley.com (opens the publisher’s site in a new tab)
MS

·Commentary·23 Sep 2026

Why the Biggest AI Opportunity Is Still Ahead

Read at morganstanley.com (opens the publisher’s site in a new tab)
OECD

·Economic outlook·23 Sep 2026

OECD Economic Outlook, Interim Report September 2026: Weathering Successive Shocks

Growth eased in the first half but held up better than expected: oil stocks, supply from outside the Gulf and government support contained the Middle East shock, and AI investment kept output and trade going. 2.9% projected for 2026, 3.0% for 2027.

Read at oecd.org (opens the publisher’s site in a new tab)
DWS

·Outlook·22 Sep 2026·Covers 4Q 2026

Quarterly Market Outlook

Current edition at dws.com (opens the publisher’s site in a new tab)The publisher reuses this address for each new edition.
FE

·Commentary·22 Sep 2026·Filed automatically

Securitized Update: Strong Issuance, Mixed Credit Trends

Read at firsteagle.com (opens the publisher’s site in a new tab)
IA

·Commentary·22 Sep 2026·Filed automatically

Extreme heat and the semiconductor supply chain: unpriced risks

Read at impaxam.com (opens the publisher’s site in a new tab)
KKR

·Research·22 Sep 2026

Re-Mapping the Opportunity in Asia Credit

Read at kkr.com (opens the publisher’s site in a new tab)
OC

·Commentary·22 Sep 2026

Shall We Repeal the Laws of Economics – Part III

By Howard Marks

With the 30-year Treasury yield above 5.3%, Marks argues that buying back long bonds to hold yields down treats the symptom: the cause is deficits from spending above revenue, and that needs a change in behaviour, not an intervention in the market.

Read at oaktreecapital.com (opens the publisher’s site in a new tab)PDF (opens the publisher’s site in a new tab)
BA

·Commentary·21 Sep 2026

Carbon Pricing’s Impact on Global Industry Is Quietly Growing

By Karen Karniol-Tambour, Jeremy Ng, Daniel Hochman

Carbon prices in the EU and China now cover about 30% of global emissions, and the EU’s border adjustment is spreading them to its trading partners — a growing, measurable cost that is sorting energy-intensive industries into winners and losers.

Read at bridgewater.com (opens the publisher’s site in a new tab)
HW

·Commentary·21 Sep 2026

Cloud 1.0 vs. 2.0

Read at hwcm.com (opens the publisher’s site in a new tab)
IA

·Commentary·21 Sep 2026·Filed automatically

Unpack climate change, switch the narrative

Read at impaxam.com (opens the publisher’s site in a new tab)
IN

·Commentary·21 Sep 2026

Why the bull market has kept defying the bears

Read at invesco.com (opens the publisher’s site in a new tab)
JM

·Research·21 Sep 2026

The New Backbone of Global Power Grids: Energy Storage

Read at privatebank.jpmorgan.com (opens the publisher’s site in a new tab)
WM

·Commentary·21 Sep 2026

The Next Great AI Companies May Look Like Services Companies

Read at wellington.com (opens the publisher’s site in a new tab)
GS

·Commentary·18 Sep 2026

Consumer Agents Signal New Phase for AI Growth

Read at goldmansachs.com (opens the publisher’s site in a new tab)
JM

·Research·18 Sep 2026

Scarcity Drives Returns: The Critical Resources Powering Markets

Read at privatebank.jpmorgan.com (opens the publisher’s site in a new tab)
JM

·Commentary·18 Sep 2026

The cost of capital is rising. Did stocks get the memo?

Read at privatebank.jpmorgan.com (opens the publisher’s site in a new tab)
TI

·Commentary·18 Sep 2026·Filed automatically

Quality Without Dogma: Why Valuation Still Matters

Read at thornburg.com (opens the publisher’s site in a new tab)
UC

·Commentary·18 Sep 2026

What happens if Iran is setting global rates?

By Paul Donovan

Read at ubs.com (opens the publisher’s site in a new tab)
WM

·Commentary·18 Sep 2026

European high yield: time for selectivity

Read at wellington.com (opens the publisher’s site in a new tab)
WM

·Commentary·18 Sep 2026

September FOMC: Doves capitulate

Read at wellington.com (opens the publisher’s site in a new tab)
DWS

·Commentary·17 Sep 2026

CIO Flash: Not an inflation emergency

Read at dws.com (opens the publisher’s site in a new tab)
FE

·Commentary·17 Sep 2026·Filed automatically

Fed Hikes for First Time in Three Years

Read at firsteagle.com (opens the publisher’s site in a new tab)
FE

·Commentary·17 Sep 2026

Rising Rates: Lessons from 2022

Read at firsteagle.com (opens the publisher’s site in a new tab)
KKR

·Commentary·17 Sep 2026

Flash Macro: U.S. FOMC, September 2026

Read at kkr.com (opens the publisher’s site in a new tab)
SC

·Commentary·17 Sep 2026

The Long and Winding Stock Market Road

By Bill Smead

Read at smeadcap.com (opens the publisher’s site in a new tab)
BA

·Commentary·16 Sep 2026

Deep Value Beyond the Screen: Where Price, Risk and Behaviour Meet

Read at brownadvisory.com (opens the publisher’s site in a new tab)
FR

·Economic outlook·16 Sep 2026

FOMC Summary of Economic Projections — September 2026

Read at federalreserve.gov · PDF, 17 pp (opens the publisher’s site in a new tab)
FE

·Fund letter·16 Sep 2026·Covers 3Q 2026

Quarterly Views from First Eagle Global Value Team: 3Q26

Read at firsteagle.com (opens the publisher’s site in a new tab)
JH

·Commentary·16 Sep 2026

Quick View: Fed chooses to pay now rather than pay more later

Read at janushenderson.com (opens the publisher’s site in a new tab)
MS

·Commentary·16 Sep 2026

Can Stocks Keep Defying Higher Rates?

Read at morganstanley.com (opens the publisher’s site in a new tab)
TR

·Commentary·16 Sep 2026

El Niño returns: From climate signal to sovereign risk

Read at troweprice.com (opens the publisher’s site in a new tab)
AG

·Commentary·15 Sep 2026·Filed automatically

The Reindustrialization of America Is Underway

Read at apollo.com (opens the publisher’s site in a new tab)
BI

·Outlook·15 Sep 2026·Covers Q4 2026

Scarcity vs. abundance — Q4 update to the 2026 Global Outlook

Government bond yields have broken higher as sovereign borrowing competes with AI-led private financing; the institute stays selective — the bottlenecks in the AI build-out, shorter-dated bonds, and infrastructure.

Current edition at blackrock.com (opens the publisher’s site in a new tab)PDF (opens the publisher’s site in a new tab)The publisher reuses this address for each new edition.
BA

·Commentary·15 Sep 2026

Equity Beat: Patios or Paris?

Read at brownadvisory.com (opens the publisher’s site in a new tab)
LA

·Research·15 Sep 2026·Filed automatically

Lazard Global Biopharmaceutical Leaders Study 2026

Read at lazard.com.au (opens the publisher’s site in a new tab)
BG

·Commentary·14 Sep 2026

Twist Bioscience: biology at machine speed

Discussed
Read at bailliegifford.com (opens the publisher’s site in a new tab)
BA

·Research·14 Sep 2026

Energy Resilience Meets AI: Corporate Opportunities

Read at brownadvisory.com (opens the publisher’s site in a new tab)
IN

·Commentary·14 Sep 2026

Market drawdown vs. downturn: Watch the fundamentals

Read at invesco.com (opens the publisher’s site in a new tab)
TR

·Commentary·14 Sep 2026

U.S. midterm elections: What investors need to know

Read at troweprice.com (opens the publisher’s site in a new tab)
BG

·Commentary·11 Sep 2026

Moderna: the next act for its mRNA platform

Discussed
Read at bailliegifford.com (opens the publisher’s site in a new tab)
LP

·Research·11 Sep 2026·Filed automatically

Deep Dive: Demographic decline forces rethink of equity positioning

Read at investmentweek.co.uk (opens the publisher’s site in a new tab)
TR

·Commentary·10 Sep 2026

How can investors diversify away from AI?

Read at troweprice.com (opens the publisher’s site in a new tab)
AI

·Outlook·9 Sep 2026

Global Investment Views — September 2026

Read at research-center.amundi.com (opens the publisher’s site in a new tab)
BL

·Commentary·9 Sep 2026

Rethinking Asset Allocation: Connecting Private Markets to Client Goals

Read at blackstone.com (opens the publisher’s site in a new tab)
NW

·Research·9 Sep 2026·Filed automatically

The Canaries in the Data Mine

Read at newwestcap.com (opens the publisher’s site in a new tab)
DB

·Research·8 Sep 2026

Infrastructure investment and private capital: A perfect match?

Read at dbresearch.com (opens the publisher’s site in a new tab)
TR

·Commentary·8 Sep 2026

The case for private markets: Expanding the opportunity set

Read at troweprice.com (opens the publisher’s site in a new tab)
GS

·Commentary·3 Sep 2026

Is AI Impacting Global Labor Markets?

Read at goldmansachs.com (opens the publisher’s site in a new tab)
TI

·Commentary·3 Sep 2026·Filed automatically

Hyperscalers at the Inflection

Read at thornburg.com (opens the publisher’s site in a new tab)
TR

·Commentary·3 Sep 2026

Why fixed income is critical for the AI supercycle

Read at troweprice.com (opens the publisher’s site in a new tab)
FR

·Economic outlook·2 Sep 2026

Beige Book — August 2026

Activity rose modestly since early July, with ten of twelve districts growing; manufacturing picked up on defence and data-centre orders, hiring barely moved, and input prices ran hot on energy, transport and metals.

Read at federalreserve.gov (opens the publisher’s site in a new tab)
CC

·Research·1 Sep 2026

A Quant Approach for All Seasons

Read at causewaycap.com (opens the publisher’s site in a new tab)
VA

·Commentary·1 Sep 2026·Filed automatically

How to choose an ETF

Read at vanguardinvestor.co.uk (opens the publisher’s site in a new tab)
AC

·Commentary·September 2026·Filed automatically

› Rapport d’investissement mensuel sept./2026

Read at acatis.fr · PDF (opens the publisher’s site in a new tab)
AP

·Fund letter·September 2026·Filed automatically

Henry Root Letters – MOBILE WORLD

Read at arisaig.com · PDF (opens the publisher’s site in a new tab)
BR

·Research·September 2026

Private markets: Building what’s next

Read at brookfield.com (opens the publisher’s site in a new tab)
QC

·Commentary·September 2026·Filed automatically

September 2026 Update

Read at quantstreetcapital.com (opens the publisher’s site in a new tab)
WB

·Economic outlook·September 2026

Global Monthly — September 2026

Read at thedocs.worldbank.org · PDF, 7 pp (opens the publisher’s site in a new tab)

August 2026

BI

·Commentary·31 Aug 2026·Filed automatically

Four Compelling Reasons for Brandes U.S. Value Equity

Read at brandes.com (opens the publisher’s site in a new tab)
MC

·Outlook·31 Aug 2026·Filed automatically

September S&P 500 Outlook May Bring A Big Volatility Shift

Read at mottcapitalmanagement.com (opens the publisher’s site in a new tab)
BA

·Commentary·27 Aug 2026·Filed automatically

Greg Jensen and Nir Bar Dea on the Importance of AI Regulation

Read at bridgewater.com (opens the publisher’s site in a new tab)
MP

·Commentary·26 Aug 2026·Filed automatically

Cross-Border Reporting Requirements: Why Complexity Requires Coordination

Read at masecoprivatewealth.com (opens the publisher’s site in a new tab)
DH

·Commentary·25 Aug 2026

Securitization as a Strategic Focus

Read at diamond-hill.com (opens the publisher’s site in a new tab)
MP

·Commentary·25 Aug 2026·Filed automatically

World Entrepreneur Day: Building Something Bigger Than Ourselves

Read at masecoprivatewealth.com (opens the publisher’s site in a new tab)
RI

·Commentary·25 Aug 2026

A Surge in the “Urge to Merge”

Read at origin-prod-www.royceinvest.com (opens the publisher’s site in a new tab)
GA

·Commentary·24 Aug 2026·Filed automatically

The Yardstick That Ate the Market, Part 2

Read at greenalphaadvisors.com (opens the publisher’s site in a new tab)
PI

·Commentary·21 Aug 2026

What’s Pushing Long-Term Bond Yields Higher?

Read at pimco.com (opens the publisher’s site in a new tab)
JI

·Commentary·20 Aug 2026

Holdings Update: Sell META

Exited
Read at jenseninvestment.com (opens the publisher’s site in a new tab)
SC

·Commentary·20 Aug 2026

Circle Of Competence

By Bill Smead

Read at smeadcap.com (opens the publisher’s site in a new tab)
AI

·Research·19 Aug 2026·Covers H2 2026

Asset class return forecasts — H2 2026

Read at research-center.amundi.com (opens the publisher’s site in a new tab)
TI

·Commentary·19 Aug 2026·Filed automatically

What Tight Credit Spreads Mean for Investors

Read at thornburg.com (opens the publisher’s site in a new tab)
DB

·Research·18 Aug 2026

Turning more hawkish on China – rhetoric versus action

Read at dbresearch.com (opens the publisher’s site in a new tab)
MW

·Commentary·18 Aug 2026·Filed automatically

The Friendship That Was Really a Robbery

Read at millerwm.com (opens the publisher’s site in a new tab)
MW

·Commentary·18 Aug 2026·Filed automatically

The Most Expensive Way to Leave Your Child the House

Read at millerwm.com (opens the publisher’s site in a new tab)
RI

·Commentary·18 Aug 2026

Are Micro-Caps the Market’s Best Kept Secret?

Read at origin-prod-www.royceinvest.com (opens the publisher’s site in a new tab)
MP

·Commentary·17 Aug 2026·Filed automatically

Could Your UK Pension Create an Unexpected IHT Bill in 2027?

Read at masecoprivatewealth.com (opens the publisher’s site in a new tab)
BA

·Commentary·14 Aug 2026

Selling Winners Too Early: A Value Investor’s Blind Spot and What We Do About It

Read at brownadvisory.com (opens the publisher’s site in a new tab)
AC

·Fund letter·13 Aug 2026·Filed automatically

Arnott Capital Interim Letter 2026

Read at arnott.com.au (opens the publisher’s site in a new tab)
LA

·Research·13 Aug 2026·Filed automatically

Lazard Interim 2026 Secondary Market Report

Read at lazard.com.au (opens the publisher’s site in a new tab)
MC

·Fund letter·13 Aug 2026·Filed automatically

2Q 2026 Investor Letter

Read at mottcapitalmanagement.com (opens the publisher’s site in a new tab)
PS

·Fund letter·13 Aug 2026·Covers H1 2026

Pershing Square Holdings — 2026 Interim Report

The chairman’s statement and the manager’s portfolio update: NAV down 12.6% in the first half against a 10.2% rise in the S&P 500, the discount to NAV widened to 34%, and new positions in payments, streaming, market data and exchanges.

Opened
ExitedUniversal Music Group
DiscussedFannie MaeFreddie Mac
Read at pershingsquareholdings.com · PDF, 59 pp (opens the publisher’s site in a new tab)
FE

·Commentary·12 Aug 2026·Filed automatically

The Return of Real Assets

Read at firsteagle.com (opens the publisher’s site in a new tab)
PB

·Fund letter·12 Aug 2026·Filed automatically

2026 Second Quarter Investor Letter

Read at pelicanbaycap.com (opens the publisher’s site in a new tab)
DC

·Commentary·11 Aug 2026·Filed automatically

Aug 11, 2026 / PDF Driehaus Global Strategy June 2026 Commentary with Attribution Driehaus Global Strategy…

Read at driehaus.com · PDF (opens the publisher’s site in a new tab)
MG

·Commentary·11 Aug 2026

Will AI Make Firms Bigger or Smaller?

Read at man.com (opens the publisher’s site in a new tab)
RG

·Commentary·10 Aug 2026·Filed automatically

2026 Climate Impact Report

Read at redwoodgrovecapital.com (opens the publisher’s site in a new tab)
RG

·Commentary·10 Aug 2026·Filed automatically

Fires, Air Quality and Climate

Read at redwoodgrovecapital.com (opens the publisher’s site in a new tab)
AG

·Outlook·9 Aug 2026·Filed automatically

2026 Midyear Credit Outlook: Adoption, Financing and Investing in the Age of AI

Read at apollo.com (opens the publisher’s site in a new tab)
AI

·Fund letter·7 Aug 2026·Covers 2Q 2026

The Patient Investor – 2Q26

Read at arielinvestments.com (opens the publisher’s site in a new tab)
SC

·Commentary·7 Aug 2026·Filed automatically

Author Archives: Steven Ko

Read at starvinecapital.com (opens the publisher’s site in a new tab)
SC

·Commentary·7 Aug 2026·Filed automatically

Ted Williams and Plate Discipline

Read at starvinecapital.com (opens the publisher’s site in a new tab)
AG

·Outlook·6 Aug 2026·Covers H2 2026

2026 Midyear Credit Outlook: Adoption, Financing and Investing in the Age of AI

Read at apolloacademy.com (opens the publisher’s site in a new tab)
LS

·Commentary·6 Aug 2026·Filed automatically

Global GDP Themes and Forecasts

Read at loomissayles.com (opens the publisher’s site in a new tab)
SC

·Commentary·6 Aug 2026

The Tsunami of European Bank Mergers

By Cole Smead

Read at smeadcap.com (opens the publisher’s site in a new tab)
WM

·Outlook·6 Aug 2026·Filed automatically

Finding opportunity in a narrowing market

Read at wellington.com (opens the publisher’s site in a new tab)
WM

·Outlook·6 Aug 2026·Covers 3Q 2026

Insurance Asset Allocation Outlook: Finding opportunity in a narrowing market

Read at wellington.com (opens the publisher’s site in a new tab)
BA

·Commentary·4 Aug 2026

Our Thoughts on What Is Likely the Most Important Policy Decision of Our Lifetime

By Greg Jensen, Nir Bar Dea, Danny DeBois, Alexa Rozario

The case for acting on AI now — a tax on machine output, broad public ownership of the leading AI companies, and enforced safety rules — on the view that without them AI ends in mass displacement of labour or an accident that halts it.

Read at bridgewater.com (opens the publisher’s site in a new tab)
BA

·Commentary·4 Aug 2026

The Shifting Geopolitical Order

Read at brownadvisory.com (opens the publisher’s site in a new tab)
BO

·Economic outlook·3 Aug 2026

Outlook for Economic Activity and Prices — July 2026

Read at boj.or.jp · PDF (opens the publisher’s site in a new tab)
BC

·Fund letter·August 2026·Covers 2Q 2026

Baron Funds Quarterly Report — June 30, 2026

By Ron Baron

Read at baroncapitalgroup.com · PDF, 248 pp (opens the publisher’s site in a new tab)
BR

·Research·August 2026

Accessing the next layer of private credit

Read at brookfield.com (opens the publisher’s site in a new tab)
CP

·Fund letter·August 2026·Filed automatically

Private Real Estate Dashboard 2Q 2026

Read at clarionpartners.com · PDF (opens the publisher’s site in a new tab)
HL

·Fund letter·August 2026·Filed automatically

First Quarter 2026 Report

Read at media.hardingloevner.com · PDF (opens the publisher’s site in a new tab)
HL

·Fund letter·August 2026·Filed automatically

Second Quarter 2026 Report

Read at media.hardingloevner.com · PDF (opens the publisher’s site in a new tab)
HF

·Fund letter·August 2026·Filed automatically

AI Is Smart. Common Sense Is Smarter.

Read at hennessyfunds.com (opens the publisher’s site in a new tab)
PC

·Commentary·August 2026·Filed automatically

Pender Alternative Multi-Strategy Income Fund

Read at penderfund.com (opens the publisher’s site in a new tab)
PC

·Commentary·August 2026·Filed automatically

Pender Alternative Select Equity Fund

Read at penderfund.com (opens the publisher’s site in a new tab)
PC

·Commentary·August 2026·Filed automatically

Pender Small Cap Opportunities Fund

Read at penderfund.com (opens the publisher’s site in a new tab)
QC

·Commentary·August 2026·Filed automatically

August 2026 Update

Read at quantstreetcapital.com (opens the publisher’s site in a new tab)
SP

·Commentary·August 2026

The Growth of Knowledge: What Progress, Disruption, and AI Mean for Investors

Read at sagapartners.com · PDF, 9 pp (opens the publisher’s site in a new tab)

July 2026

BL

·Commentary·30 Jul 2026

Market Views: The AI Ecosystem, IPOs, and Real Estate

Read at blackstone.com (opens the publisher’s site in a new tab)
CC

·Research·30 Jul 2026

Causeway’s AI Business Disruption Factor

Read at causewaycap.com (opens the publisher’s site in a new tab)
CC

·Commentary·29 Jul 2026

The Code Is Not the Moat

Read at causewaycap.com (opens the publisher’s site in a new tab)
HC

·Commentary·29 Jul 2026·Filed automatically

Active Risk in Fixed Income: A Case for Duration Neutrality

Read at harborcapital.com (opens the publisher’s site in a new tab)
KKR

·Research·29 Jul 2026

The Total Portfolio Approach: The Dog Has Caught the Bus

Read at kkr.com (opens the publisher’s site in a new tab)
SP

·Research·29 Jul 2026·Filed automatically

A Critical Analysis of CGG's Prospects

Read at cdn.prod.website-files.com · PDF (opens the publisher’s site in a new tab)
TCW

·Commentary·29 Jul 2026·Filed automatically

Beyond the AI Theme: The Case for a Broad, Actively Managed Approach to EM Equities

Read at tcw.com (opens the publisher’s site in a new tab)
TCW

·Commentary·29 Jul 2026·Filed automatically

Pardon Our Interruption

Read at tcw.com (opens the publisher’s site in a new tab)
BA

·Commentary·28 Jul 2026·Filed automatically

A Critical Time for AI

Read at bridgewater.com (opens the publisher’s site in a new tab)
RI

·Commentary·28 Jul 2026

CIO Small Talk: The Interest Rate Myth and What Really Drives Small-Cap Returns

Read at origin-prod-www.royceinvest.com (opens the publisher’s site in a new tab)
GP

·Commentary·27 Jul 2026

Schrödinger’s Market

Read at gqg.com (opens the publisher’s site in a new tab)
SC

·Fund letter·27 Jul 2026·Filed automatically

H1 2026 Investment Commentary

Read at starvinecapital.com · PDF (opens the publisher’s site in a new tab)
MC

·Commentary·25 Jul 2026·Filed automatically

15 Years of Mayar Capital

Read at mayarcapital.com (opens the publisher’s site in a new tab)
GMO

·Commentary·23 Jul 2026

The Electricity Tipping Point & the Next Energy Boom

By Lucas White

Demand for electricity is surging on AI data centres, electrification and growth; the piece maps the investment that follows across generation, grids, storage and the commodities they consume.

Read at gmo.com (opens the publisher’s site in a new tab)PDF (opens the publisher’s site in a new tab)
OF

·Commentary·23 Jul 2026

Why the case for value investing remains strong

Read at oakmark.com (opens the publisher’s site in a new tab)
TCW

·Commentary·22 Jul 2026·Filed automatically

Great Expectations: Dissecting the Latest Efforts to Address U.S. Housing Affordability

Read at tcw.com (opens the publisher’s site in a new tab)
TA

·Fund letter·22 Jul 2026·Covers 2Q 2026

Q2 2026 Shareholder Letters

Read at thirdave.com (opens the publisher’s site in a new tab)
WM

·Outlook·21 Jul 2026

2026 midyear outlook: Time to rethink EM debt

Read at wellington.com (opens the publisher’s site in a new tab)
DC

·Commentary·20 Jul 2026·Filed automatically

Jul 20, 2026 / PDF Driehaus Emerging Markets Small Cap Equity Strategy June 2026 Commentary With Attribution…

Read at driehaus.com · PDF (opens the publisher’s site in a new tab)
DC

·Commentary·20 Jul 2026·Filed automatically

Jul 20, 2026 / PDF Driehaus International Small Cap Growth Strategy June 2026 Commentary with Attribution…

Read at driehaus.com · PDF (opens the publisher’s site in a new tab)
TR

·Commentary·20 Jul 2026

Metamorphosis: How flows, ownership and technology are changing markets

Read at troweprice.com (opens the publisher’s site in a new tab)
HR

·Commentary·17 Jul 2026·Filed automatically

Emerging Markets Fund Commentary

Read at hoodrivercapital.com (opens the publisher’s site in a new tab)
DC

·Commentary·16 Jul 2026·Filed automatically

Jul 16, 2026 / PDF Driehaus Micro Cap Growth Strategy June 2026 Commentary with Attribution Driehaus Micro…

Read at driehaus.com · PDF (opens the publisher’s site in a new tab)
DC

·Commentary·16 Jul 2026·Filed automatically

Jul 16, 2026 / PDF Driehaus Small Cap Growth Strategy June 2026 Commentary with Attribution Driehaus Small…

Read at driehaus.com · PDF (opens the publisher’s site in a new tab)
MV

·Commentary·16 Jul 2026

Finding Value in a Momentum Market

Read at millervalue.com (opens the publisher’s site in a new tab)
MV

·Commentary·16 Jul 2026

There’s a New Sheriff in Town

Read at millervalue.com (opens the publisher’s site in a new tab)
BO

·Economic outlook·15 Jul 2026

Monetary Policy Report — July 2026

Read at bankofcanada.ca (opens the publisher’s site in a new tab)
FA

·Commentary·15 Jul 2026·Filed automatically

AI Boom vs. Dot-Com Bubble: What's different this time?

Read at fenimoreasset.com (opens the publisher’s site in a new tab)
GMO

·Commentary·15 Jul 2026

Targeting Outcomes

By Tina Vandersteel

Read at gmo.com (opens the publisher’s site in a new tab)
AC

·Commentary·14 Jul 2026·Filed automatically

Gold and Silver Lose Their Shine

Read at armbrustercapital.com (opens the publisher’s site in a new tab)
NW

·Research·14 Jul 2026·Filed automatically

The Good, the Bad, and the Deteriorating.

Read at newwestcap.com (opens the publisher’s site in a new tab)
DH

·Commentary·13 Jul 2026

Capital Asleep at the Wheel: Neglected Opportunities in Small Companies

Read at diamond-hill.com (opens the publisher’s site in a new tab)
VA

·Commentary·13 Jul 2026·Filed automatically

ETFs explained: What are ETFs and how do they work?

Read at vanguardinvestor.co.uk (opens the publisher’s site in a new tab)
WM

·Outlook·13 Jul 2026

2026 midyear geopolitical update: What “structural competition” means for investors

Read at wellington.com (opens the publisher’s site in a new tab)
HR

·Commentary·10 Jul 2026·Filed automatically

New Opportunities Fund Commentary

Read at hoodrivercapital.com (opens the publisher’s site in a new tab)
HR

·Commentary·10 Jul 2026·Filed automatically

Small Cap Growth Fund Commentary

Read at hoodrivercapital.com (opens the publisher’s site in a new tab)
MG

·Outlook·10 Jul 2026·Covers H2 2026

Technology Outlook H2 2026: Still Dancing, But Moving Closer to the Door?

Read at man.com (opens the publisher’s site in a new tab)
EC

·Commentary·8 Jul 2026·Filed automatically

Nigeria - notable improvements, but not without challenges

Read at eastcapital.com (opens the publisher’s site in a new tab)
HR

·Commentary·8 Jul 2026·Filed automatically

International Opportunity Fund Commentary

Read at hoodrivercapital.com (opens the publisher’s site in a new tab)
IM

·Economic outlook·8 Jul 2026

World Economic Outlook Update, July 2026: Global Economy in Crosscurrents of War and Technology

Global growth of 3.0% in 2026 and 3.4% in 2027, little changed since April but uneven: the war weighs on energy importers while AI demand lifts the economies in the technology supply chain.

Read at imf.org (opens the publisher’s site in a new tab)
MA

·Outlook·8 Jul 2026·Covers 2Q 2026

2026 Q2 CIO Review and Outlook

Read at matthewsasia.com (opens the publisher’s site in a new tab)
MC

·Commentary·8 Jul 2026·Filed automatically

“From Owner to Steward: How Business Owner Thinking Reinforces Ethical Foundations of Islamic Finance”

Read at mayarcapital.com (opens the publisher’s site in a new tab)
AC

·Fund letter·7 Jul 2026·Filed automatically

Portfolio Review Q2 2026

Read at armbrustercapital.com (opens the publisher’s site in a new tab)
AC

·Commentary·7 Jul 2026·Filed automatically

Stock Market Deja Vu

Read at armbrustercapital.com (opens the publisher’s site in a new tab)
AC

·Commentary·7 Jul 2026·Filed automatically

Trump Accounts: Should You Fund the New Internal Revenue Code Section 530A Accounts?

Read at armbrustercapital.com (opens the publisher’s site in a new tab)
BC

·Fund letter·6 Jul 2026·Filed automatically

Second Quarter 2026

Read at brasadacapital.com (opens the publisher’s site in a new tab)
CA

·Commentary·3 Jul 2026·Filed automatically

Diversification Works (Even When It Feels Like It’s Failing)

Read at claret.ca (opens the publisher’s site in a new tab)
LA

·Outlook·2 Jul 2026·Filed automatically

Ron Temple's Global Mid-Year Outlook 2026: Three Core Convictions Shaping Markets

Read at lazard.com.au (opens the publisher’s site in a new tab)
SC

·Commentary·2 Jul 2026

Tech Stock Climax

By Bill Smead

Read at smeadcap.com (opens the publisher’s site in a new tab)
LA

·Fund letter·1 Jul 2026·Filed automatically

Review of Shareholder Activism

Read at lazard.com.au (opens the publisher’s site in a new tab)
LS

·Outlook·1 Jul 2026·Filed automatically

July 2026 Investment Outlook

Read at loomissayles.com (opens the publisher’s site in a new tab)
WM

·Outlook·1 Jul 2026·Covers H2 2026

Growth outlook faces a new test: Inflation

Current edition at wellington.com (opens the publisher’s site in a new tab)The publisher reuses this address for each new edition.
AI

·Commentary·July 2026·Filed automatically

How could AI impact our portfolio companies?

Read at cdn.prod.website-files.com · PDF (opens the publisher’s site in a new tab)
AI

·Commentary·July 2026·Filed automatically

The US companies Australians should be holding in their portfolios

Read at aoris.com.au (opens the publisher’s site in a new tab)
FU

·Fund letter·July 2026·Covers H1 2026

Fundsmith Equity Fund — 2026 Semi-Annual Letter to Shareholders

By Terry Smith

A first half in which the fund fell 2.9% while the MSCI World rose 11.2%, turnover of 51%, and a change of method: more weight on momentum, and far less willingness to buy good companies after a setback.

OpenedLegrandNextpowerSage Group
ExitedAtlas CopcoColoplastEssilorLuxotticaLVMHMagnum Ice CreamWolters Kluwer
Read at fundsmith.co.uk · PDF (opens the publisher’s site in a new tab)
GR

·Fund letter·July 2026·Covers 2Q 2026

Greenhaven Road Q2 2026 Letter

By Scott Miller

Read at greenhavenroad.com · PDF, 12 pp (opens the publisher’s site in a new tab)
HF

·Outlook·July 2026·Filed automatically

CIO 2026 Mid-Year Outlook: Selectivity Matters.

Read at hennessyfunds.com (opens the publisher’s site in a new tab)
KKR

·Commentary·July 2026·Filed automatically

Flash Macro: U.S. FOMC

Read at kkr.com (opens the publisher’s site in a new tab)
KKR

·Commentary·July 2026·Filed automatically

What are best practices for Private Markets investing under TPA?

Read at kkr.com · PDF (opens the publisher’s site in a new tab)
QC

·Commentary·July 2026·Filed automatically

July 2026 Update

Read at quantstreetcapital.com (opens the publisher’s site in a new tab)
RC

·Commentary·July 2026·Filed automatically

How to invest

Read at ritcap.com (opens the publisher’s site in a new tab)
VV

·Fund letter·July 2026·Covers 2Q 2026

Vulcan Value Partners Q2 2026 Letter

By C.T. Fitzpatrick

Opened
ExitedSodexoPartners Group
Read at vulcanvaluepartners.com · PDF, 21 pp (opens the publisher’s site in a new tab)

June 2026

AC

·Fund letter·30 Jun 2026·Filed automatically

Arnott Capital 2026 Interim Investor Letter

Read at cdn.prod.website-files.com · PDF (opens the publisher’s site in a new tab)
BL

·Commentary·30 Jun 2026·Filed automatically

About the Firm

Read at blackstone.com (opens the publisher’s site in a new tab)
LS

·Commentary·30 Jun 2026·Filed automatically

Back to the Future? US Autos Face a 1970s-Style Shock

Read at loomissayles.com (opens the publisher’s site in a new tab)
OF

·Fund letter·30 Jun 2026·Covers 2Q 2026

The discipline to stay boring — U.S. equity market commentary, 2Q 2026

By Bill Nygren

The Oakmark Fund was flat for the year at midyear and behind the index, because it owns little of the richly valued technology driving the market; the case for holding to the value discipline anyway.

Read at oakmark.com (opens the publisher’s site in a new tab)
OF

·Fund letter·30 Jun 2026·Covers 2Q 2026

The certainty trap — Fixed income market commentary, 2Q 2026

Read at oakmark.com (opens the publisher’s site in a new tab)
OF

·Fund letter·30 Jun 2026·Covers 2Q 2026

Wrong in the right direction — International equity market commentary, 2Q 2026

Read at oakmark.com (opens the publisher’s site in a new tab)
RC

·Commentary·30 Jun 2026·Filed automatically

our full report here

Read at ritcap.com · PDF (opens the publisher’s site in a new tab)
SC

·Fund letter·30 Jun 2026·Filed automatically

Emerging Markets Commentary

Read at sheltoncap.com · PDF (opens the publisher’s site in a new tab)
SC

·Fund letter·30 Jun 2026·Filed automatically

Equity Income Commentary

Read at sheltoncap.com · PDF (opens the publisher’s site in a new tab)
SC

·Fund letter·30 Jun 2026·Filed automatically

Fixed Income Commentary

Read at sheltoncap.com · PDF (opens the publisher’s site in a new tab)
SC

·Fund letter·30 Jun 2026·Filed automatically

International Equity Commentary

Read at sheltoncap.com · PDF (opens the publisher’s site in a new tab)
SC

·Fund letter·30 Jun 2026·Filed automatically

Sustainable Equity Commentary

Read at sheltoncap.com · PDF (opens the publisher’s site in a new tab)
VA

·Commentary·30 Jun 2026·Filed automatically

Hedged vs unhedged shares: what to consider

Read at vanguardinvestor.co.uk (opens the publisher’s site in a new tab)
AI

·Outlook·29 Jun 2026·Covers H2 2026

Mid-year Investment Outlook 2026

Read at research-center.amundi.com (opens the publisher’s site in a new tab)
BL

·Commentary·29 Jun 2026

Private Markets in the Age of AI: How Blackstone Is Investing for the Next Era

Read at blackstone.com (opens the publisher’s site in a new tab)
BF

·Economic outlook·28 Jun 2026

BIS Annual Economic Report 2026

Read at bis.org (opens the publisher’s site in a new tab)
VA

·Commentary·25 Jun 2026·Filed automatically

What to consider when choosing a bond fund

Read at vanguardinvestor.co.uk (opens the publisher’s site in a new tab)
JH

·Outlook·19 Jun 2026·Covers H2 2026

Investment Outlook Mid-Year 2026

Read at janushenderson.com (opens the publisher’s site in a new tab)
BH

·Commentary·18 Jun 2026·Filed automatically

Barrow Hanley Credit Partners Monthly Market Update / Inflation, Opportunity, and Market Momentum

Read at barrowhanley.com (opens the publisher’s site in a new tab)
MG

·Commentary·18 Jun 2026

After the Strait, What’s Next for Commodities?

Read at man.com (opens the publisher’s site in a new tab)
SC

·Commentary·18 Jun 2026·Filed automatically

Late-Stage Mania: “The Worst Thing Ever”

Read at smeadcap.com (opens the publisher’s site in a new tab)
WI

·Commentary·16 Jun 2026·Filed automatically

Winton / NYU Abu Dhabi 2026 Winton Prizes

Read at winton.com (opens the publisher’s site in a new tab)
JH

·Outlook·15 Jun 2026·Filed automatically

Equities outlook: Balancing AI’s promise and near-term macro risk

Read at janushenderson.com (opens the publisher’s site in a new tab)
JH

·Outlook·15 Jun 2026·Filed automatically

Fixed income outlook: Putting things into perspective

Read at janushenderson.com (opens the publisher’s site in a new tab)
BC

·Fund letter·12 Jun 2026·Filed automatically

Fundamental Value: Tenth Anniversary Letter

Read at biremecapital.com (opens the publisher’s site in a new tab)
CC

·Commentary·11 Jun 2026

Rise of the Heavyweights

Read at causewaycap.com (opens the publisher’s site in a new tab)
PI

·Outlook·10 Jun 2026

Rupture and Resilience — Secular Outlook

By Richard Clarida, Andrew Balls, Daniel J. Ivascyn

PIMCO’s longer-range view: geopolitical fragmentation and heavy AI investment are reshaping the world economy, and bond yields are now high enough to compete with equities without reaching for risk.

Read at pimco.com (opens the publisher’s site in a new tab)
WD

·Research·10 Jun 2026·Filed automatically

We Interviewed Some of the First Surgeons to use Microbot Medical’s LIBERTY Endovascular Robotic System, And…

Read at whitediamondresearch.com (opens the publisher’s site in a new tab)
BL

·Commentary·5 Jun 2026

Jon Gray addresses 700+ clients — May 2026

By Jon Gray

Read at blackstone.com (opens the publisher’s site in a new tab)
VA

·Commentary·5 Jun 2026·Filed automatically

What are shares?

Read at vanguardinvestor.co.uk (opens the publisher’s site in a new tab)
OR

·Commentary·4 Jun 2026·Filed automatically

SMID Cap Investing

Read at oakridgeinvest.com (opens the publisher’s site in a new tab)
TR

·Commentary·4 Jun 2026

Geopolitical fragmentation raises risk premium

Read at troweprice.com (opens the publisher’s site in a new tab)
CS

·Outlook·3 Jun 2026·Covers H2 2026

2026 Mid-Year Outlook: U.S. Stocks and Economy

By Liz Ann Sonders, Kevin Gordon

Current edition at schwab.com (opens the publisher’s site in a new tab)The publisher reuses this address for each new edition.
TR

·Commentary·3 Jun 2026

Unruptured: Why the market order is holding—for now

Read at troweprice.com (opens the publisher’s site in a new tab)
AP

·Fund letter·June 2026·Filed automatically

Henry Root Letters – SEA LIMITED

Read at arisaig.com · PDF (opens the publisher’s site in a new tab)
BR

·Research·June 2026

From speed to scale: The next decade of power

Read at brookfield.com (opens the publisher’s site in a new tab)
GA

·Commentary·June 2026·Filed automatically

Governance Was Always Everything. Now Everyone Can See It.

Read at greenalphaadvisors.com (opens the publisher’s site in a new tab)
HF

·Commentary·June 2026·Filed automatically

A Fund Focused on Valuation, Growth and Momentum

Read at hennessyfunds.com (opens the publisher’s site in a new tab)
HF

·Commentary·June 2026·Filed automatically

Identifying Select Opportunities in Japanese Businesses

Read at hennessyfunds.com (opens the publisher’s site in a new tab)
HF

·Commentary·June 2026·Filed automatically

Meeting America’s Growing Energy Needs with Natural Gas

Read at hennessyfunds.com (opens the publisher’s site in a new tab)
JH

·Outlook·June 2026·Filed automatically

Investment outlook mid-year 2026

Read at janushenderson.com (opens the publisher’s site in a new tab)
MG

·Outlook·June 2026·Covers H2 2026

Midyear Global Outlook 2026: The Ripple Effect

Read at man.com (opens the publisher’s site in a new tab)
QC

·Commentary·June 2026·Filed automatically

June 2026 Update

Read at quantstreetcapital.com (opens the publisher’s site in a new tab)
WB

·Economic outlook·June 2026

Global Economic Prospects — June 2026

Read at worldbank.org (opens the publisher’s site in a new tab)

May 2026

IA

·Outlook·29 May 2026·Filed automatically

Mid-Year Credit Outlook 2026

Read at impaxam.com (opens the publisher’s site in a new tab)
IA

·Outlook·29 May 2026·Filed automatically

Mid-Year Equities Outlook 2026

Read at impaxam.com (opens the publisher’s site in a new tab)
CA

·Commentary·27 May 2026·Filed automatically

Selling Your Business: Decisions to Make 5 Years in Advance

Read at claret.ca (opens the publisher’s site in a new tab)
EC

·Economic outlook·27 May 2026

Financial Stability Review — May 2026

Read at ecb.europa.eu (opens the publisher’s site in a new tab)
WM

·Outlook·27 May 2026

Markets are underestimating the persistence of inflation

Read at wellington.com (opens the publisher’s site in a new tab)
BH

·Commentary·15 May 2026·Filed automatically

Barrow Hanley Credit Partners Monthly Market Update / Markets Rally Despite Rising Oil and Macro Stress

Read at barrowhanley.com (opens the publisher’s site in a new tab)
CI

·Commentary·8 May 2026·Filed automatically

The Case for Strategic Convertible Allocations

Read at calamos.com · PDF (opens the publisher’s site in a new tab)
FR

·Economic outlook·8 May 2026

Financial Stability Report — May 2026

Read at federalreserve.gov · PDF, 71 pp (opens the publisher’s site in a new tab)
WM

·Outlook·5 May 2026·Filed automatically

Focus on flexibility, selectivity, and income

Read at wellington.com (opens the publisher’s site in a new tab)
BR

·Commentary·May 2026

How constraints are shaping data infrastructure

Read at brookfield.com (opens the publisher’s site in a new tab)
KG

·Commentary·May 2026·Filed automatically

The Role of Cash in Actively Managed Portfolios

Read at kopernikglobal.com (opens the publisher’s site in a new tab)
QC

·Commentary·May 2026·Filed automatically

May 2026 Update

Read at quantstreetcapital.com (opens the publisher’s site in a new tab)

April 2026

FA

·Commentary·30 Apr 2026·Filed automatically

The Power of Quality Companies in a Long‑Term Portfolio

Read at fenimoreasset.com (opens the publisher’s site in a new tab)
IA

·Commentary·30 Apr 2026·Filed automatically

Stewardship and Advocacy Report 2026

Read at impaxam.com (opens the publisher’s site in a new tab)
JI

·Commentary·30 Apr 2026

Moat Durability in the AI Era

Read at jenseninvestment.com (opens the publisher’s site in a new tab)
MC

·Commentary·30 Apr 2026·Filed automatically

Please click here to view the article

Read at moeruscap.com · PDF (opens the publisher’s site in a new tab)
WD

·Research·30 Apr 2026·Filed automatically

We Are Experiencing “Infinite Demand” For Our Drone Parts, said the CEO of Unusual Machines

Read at whitediamondresearch.com (opens the publisher’s site in a new tab)
MV

·Commentary·27 Apr 2026

The Set-up for Small & Mid Caps

Read at millervalue.com (opens the publisher’s site in a new tab)
PB

·Fund letter·27 Apr 2026·Filed automatically

2026 First Quarter Investor Letter

Read at pelicanbaycap.com (opens the publisher’s site in a new tab)
JH

·Fund letter·23 Apr 2026·Filed automatically

in focus: Quarterly sector update

Read at janushenderson.com (opens the publisher’s site in a new tab)
SC

·Fund letter·23 Apr 2026·Filed automatically

Q1 2026 - Spyglass Investor Letter

Read at spyglassfunds.com · PDF (opens the publisher’s site in a new tab)
BA

·Commentary·22 Apr 2026

Two Resource Grabs Reshaping Markets: Modern Mercantilism and AI

Read at bridgewater.com (opens the publisher’s site in a new tab)
LS

·Commentary·22 Apr 2026·Filed automatically

Strait of Hormuz Disruption and the Long Tail of Higher Oil Prices

Read at loomissayles.com (opens the publisher’s site in a new tab)
TR

·Commentary·22 Apr 2026

As China’s disinflation fades, inflation risks may rise globally

Read at troweprice.com (opens the publisher’s site in a new tab)
BH

·Commentary·21 Apr 2026·Filed automatically

Barrow Hanley Credit Partners Monthly Market Update / Energy Shock Drives Market Dislocation and Tests Credit Liquidity

Read at barrowhanley.com (opens the publisher’s site in a new tab)
CA

·Commentary·21 Apr 2026·Filed automatically

QPP vs OAS: Understanding sources of retirement income (and when to apply)

Read at claret.ca (opens the publisher’s site in a new tab)
JH

·Fund letter·21 Apr 2026·Filed automatically

Market GPS: Multi-Asset Quarterly Q2 2026

Read at janushenderson.com (opens the publisher’s site in a new tab)
BC

·Fund letter·20 Apr 2026·Filed automatically

First Quarter 2026

Read at brasadacapital.com (opens the publisher’s site in a new tab)
BA

·Commentary·15 Apr 2026

Building Resilient Portfolios in a Changing Global Environment

Read at bridgewater.com (opens the publisher’s site in a new tab)
WC

·Commentary·15 Apr 2026·Filed automatically

Software Under Siege: Navigating AI Disruption

Read at westfieldcapital.com (opens the publisher’s site in a new tab)
IM

·Economic outlook·14 Apr 2026

Global Financial Stability Report, April 2026: Global Financial Markets Confront the War in the Middle East and Amplification Risks

Read at imf.org (opens the publisher’s site in a new tab)
IM

·Economic outlook·14 Apr 2026

World Economic Outlook, April 2026: Global Economy in the Shadow of War

The full spring forecast round, built around the risk that war in the Middle East disrupts both growth and the fall in inflation.

Read at imf.org (opens the publisher’s site in a new tab)
MV

·Commentary·14 Apr 2026

Feels Like 2022 But Isn’t

Read at millervalue.com (opens the publisher’s site in a new tab)
GA

·Commentary·13 Apr 2026·Filed automatically

Capital Doesn’t Predict the Future

Read at greenalphaadvisors.com (opens the publisher’s site in a new tab)
OC

·Commentary·9 Apr 2026

What’s Going on in Private Credit?

By Howard Marks

Sub-investment-grade lending from its start in the 1970s to the post-crisis rise of direct lending: why it grew so fast, the problems that fast deployment created, and how its fate is tied to private equity’s.

Read at oaktreecapital.com (opens the publisher’s site in a new tab)
AC

·Commentary·8 Apr 2026

A Positive Stock-Bond Correlation Is a Terrible Reason to Add More Equity Risk to Your Portfolio

By Cliff Asness

Read at aqr.com (opens the publisher’s site in a new tab)
WM

·Commentary·8 Apr 2026·Filed automatically

One battle after another: Time to reset expectations?

Read at wellington.com (opens the publisher’s site in a new tab)
GG

·Fund letter·7 Apr 2026·Filed automatically

First Quarter 2026: Market Commentary

Read at greenwoodgearhart.com (opens the publisher’s site in a new tab)
AG

·Chart book·5 Apr 2026

Outlook for Public and Private Markets

By Torsten Slok

Apollo’s chief economist’s chart book on the economy, rates and public and private markets, opening on the effect of the conflict with Iran.

Read at apolloacademy.com · PDF, 48 pp (opens the publisher’s site in a new tab)

March 2026

CI

·Fund letter·31 Mar 2026·Filed automatically

Quarterly Investor Commentary

Read at contrarius.com (opens the publisher’s site in a new tab)
NU

·Outlook·31 Mar 2026·Covers 2Q 2026

2026 2Q outlook: Casting a wider net

Read at nuveen.com (opens the publisher’s site in a new tab)
AG

·Commentary·30 Mar 2026

US Housing Outlook: Higher Mortgage Rates Not Helpful

By Torsten Slok

Read at apolloacademy.com (opens the publisher’s site in a new tab)
CI

·Commentary·27 Mar 2026·Filed automatically

Demystifying Calamos' Protected Bitcoin ETFs

Read at calamos.com (opens the publisher’s site in a new tab)
AC

·Commentary·25 Mar 2026

I Did Not Predict What Is Going on in Privates

By Cliff Asness

Read at aqr.com (opens the publisher’s site in a new tab)
NS

·Commentary·25 Mar 2026·Filed automatically

North Sky-Backed Organic Waste Facility To Be The First Project To Supply RNG Under Senate Bill 1440

Read at northskycapital.com (opens the publisher’s site in a new tab)
SP

·Research·25 Mar 2026·Filed automatically

Bunge Global SA

Read at sprucepointcap.com (opens the publisher’s site in a new tab)
PI

·Outlook·24 Mar 2026

Layered Uncertainty: Conflict, Credit Stress, and AI — Cyclical Outlook

By Tiffany Wilding, Andrew Balls

Conflict in the Middle East unsettles energy and the balance of growth and inflation while stress surfaces in private credit; the advice is liquid, high-quality bonds over illiquid alternatives, in portfolios built for several outcomes.

Read at pimco.com (opens the publisher’s site in a new tab)
AC

·Fund letter·19 Mar 2026·Filed automatically

Arnott Capital Annual Letter 2025

Read at arnott.com.au (opens the publisher’s site in a new tab)
BH

·Commentary·18 Mar 2026·Filed automatically

Barrow Hanley Credit Partners Monthly Market Update

Read at barrowhanley.com (opens the publisher’s site in a new tab)
WI

·Commentary·13 Mar 2026·Filed automatically

Winton / Winton Deputy CIO opinion column

Read at winton.com (opens the publisher’s site in a new tab)
MC

·Commentary·10 Mar 2026·Filed automatically

United Parcel Service

Read at mayarcapital.com (opens the publisher’s site in a new tab)
TR

·Commentary·2 Mar 2026

Conflict in Iran and the Middle East—market implications

Read at troweprice.com (opens the publisher’s site in a new tab)
AI

·Commentary·March 2026·Filed automatically

Iron Sharpens Iron In this quarter’s feature article, Matthew Berry explores an often overlooked driver of…

Read at cdn.prod.website-files.com · PDF (opens the publisher’s site in a new tab)
KG

·Commentary·March 2026·Filed automatically

In a World of FOMO and Momentum, Value Still Holds

Read at kopernikglobal.com (opens the publisher’s site in a new tab)
NS

·Commentary·March 2026·Filed automatically

Building a More Sustainable future

Read at northskycapital.com (opens the publisher’s site in a new tab)

February 2026

BH

·Fund letter·28 Feb 2026·Covers 2025

Berkshire Hathaway — 2025 Letter to Shareholders

By Greg Abel

Greg Abel’s first annual letter as chief executive: the culture and stewardship he means to keep after Warren Buffett, the year in the operating and insurance businesses, and the succession of the chief financial officer.

Read at berkshirehathaway.com · PDF (opens the publisher’s site in a new tab)
OC

·Commentary·26 Feb 2026

AI Hurtles Ahead

By Howard Marks

What sets AI apart from earlier technologies — its power, speed and autonomy — and its limits; Marks is sure it is no fad, and treats that as a separate question from whether AI assets are sensibly priced.

Read at oaktreecapital.com (opens the publisher’s site in a new tab)
CI

·Commentary·25 Feb 2026·Filed automatically

Fi360 Ranks Calamos Funds in Top Quartile

Read at calamos.com (opens the publisher’s site in a new tab)
SA

·Fund letter·25 Feb 2026·Covers 2025

Both Sides Now: Cloud Delusions; Value at a Secular Plateau; and Berkshire Hathaway: Going Out on Top — 2025 Letter to Clients

By Christopher Bloomstran

Discussed
Read at static.fmgsuite.com · PDF, 184 pp (opens the publisher’s site in a new tab)
SP

·Research·20 Feb 2026·Filed automatically

Nova Minerals Limited

Read at sprucepointcap.com (opens the publisher’s site in a new tab)
CA

·Commentary·12 Feb 2026·Filed automatically

Changes to Your Pension Adjustment on Your T4? Don’t Panic.

Read at claret.ca (opens the publisher’s site in a new tab)
MP

·Commentary·12 Feb 2026·Filed automatically

Finding opportunities anywhere in the world

Read at munropartners.com (opens the publisher’s site in a new tab)
SP

·Research·12 Feb 2026·Filed automatically

Super Group (SGHC) Limited

Read at sprucepointcap.com (opens the publisher’s site in a new tab)
WC

·Commentary·12 Feb 2026·Filed automatically

Mid Cap Growth: Navigating Market Extremes with Discipline

Read at westfieldcapital.com (opens the publisher’s site in a new tab)
MC

·Commentary·10 Feb 2026·Filed automatically

Compagnie Financière Richemont SA

Read at mayarcapital.com (opens the publisher’s site in a new tab)
SC

·Commentary·10 Feb 2026·Filed automatically

Applying Lessons from Sports to Investing

Read at starvinecapital.com (opens the publisher’s site in a new tab)
AC

·Fund letter·6 Feb 2026

A Letter from the Investment Team

Read at akrefund.com (opens the publisher’s site in a new tab)
RS

·Fund letter·4 Feb 2026·Covers 2025

Rowan Street 2025 Year-End Letter

Read at rowanstreet.com (opens the publisher’s site in a new tab)
GR

·Fund letter·February 2026·Covers 4Q 2025

Greenhaven Road Partners Fund Q4 2025 Letter

By Scott Miller

Read at greenhavenroad.com · PDF, 4 pp (opens the publisher’s site in a new tab)
KG

·Commentary·February 2026·Filed automatically

Super Terrific Happy Day 2.0 Highlights

Read at kopernikglobal.com (opens the publisher’s site in a new tab)
KG

·Commentary·February 2026·Filed automatically

Super Terrific Happy Day Highlights

Read at kopernikglobal.com (opens the publisher’s site in a new tab)
MC

·Commentary·February 2026·Filed automatically

Please click here for our February 2026 Investor Memo

Read at moeruscap.com · PDF (opens the publisher’s site in a new tab)
MP

·Commentary·February 2026·Filed automatically

Financial Services Guide

Read at munropartners.com · PDF (opens the publisher’s site in a new tab)

January 2026

AG

·Commentary·27 Jan 2026·Filed automatically

Lottomatica: Transforming a Leader in Italian Gaming

Read at apollo.com (opens the publisher’s site in a new tab)
RG

·Commentary·27 Jan 2026·Filed automatically

Data Centers, Electricity, and Climate

Read at redwoodgrovecapital.com (opens the publisher’s site in a new tab)
SP

·Research·27 Jan 2026·Filed automatically

Resideo Technologies, Inc.

Read at sprucepointcap.com (opens the publisher’s site in a new tab)
WM

·Outlook·26 Jan 2026·Filed automatically

2026 Insurance Outlook: Cautious optimism and a second bite at the apple

Read at wellington.com (opens the publisher’s site in a new tab)
OR

·Commentary·24 Jan 2026·Filed automatically

Beyond the Mag 7

Read at oakridgeinvest.com (opens the publisher’s site in a new tab)
BH

·Commentary·23 Jan 2026·Filed automatically

A View from Both Sides of the Pond

Read at barrowhanley.com (opens the publisher’s site in a new tab)
BA

·Commentary·22 Jan 2026·Filed automatically

The Forces Redefining the Global Economic World Order

Read at bridgewater.com (opens the publisher’s site in a new tab)
NU

·Outlook·21 Jan 2026·Covers 2026

2026 Fixed income outlook

Read at nuveen.com (opens the publisher’s site in a new tab)
MC

·Fund letter·16 Jan 2026·Covers 4Q 2025

Massif Capital 4Q 2025 Letter to Investors

OpenedLarvotto Resources
ExitedG Mining Ventures
Read at massifcap.com · PDF, 11 pp (opens the publisher’s site in a new tab)
BA

·Outlook·14 Jan 2026·Covers 2026

Global Outlook: Our CIOs on Modern Mercantilism, AI, and Managing Money Today

Read at bridgewater.com (opens the publisher’s site in a new tab)
WM

·Fund letter·14 Jan 2026·Filed automatically

An active management partner for the near and long term

Read at wellington.com (opens the publisher’s site in a new tab)
MC

·Commentary·13 Jan 2026·Filed automatically

Vestas Wind Systems

Read at mayarcapital.com (opens the publisher’s site in a new tab)
SC

·Fund letter·13 Jan 2026·Filed automatically

H2 2025 Investment Commentary

Read at starvinecapital.com · PDF (opens the publisher’s site in a new tab)
BC

·Fund letter·9 Jan 2026·Filed automatically

2026 Quarterly Market Commentary & Insights

Read at brasadacapital.com (opens the publisher’s site in a new tab)
BC

·Fund letter·9 Jan 2026·Filed automatically

Fourth Quarter of 2025

Read at brasadacapital.com (opens the publisher’s site in a new tab)
BA

·Commentary·7 Jan 2026

The Macro Implications of the AI Capex Boom

Read at bridgewater.com (opens the publisher’s site in a new tab)
WC

·Outlook·6 Jan 2026·Filed automatically

Year-in-Review & 2026 Outlook

Read at westfieldcapital.com (opens the publisher’s site in a new tab)
TI

·Fund letter·2 Jan 2026·Filed automatically

Yarra Funds Management Limited

Read at yarracm.com · PDF (opens the publisher’s site in a new tab)
FU

·Fund letter·January 2026·Covers 2025

Fundsmith Equity Fund — 2025 Annual Letter to Shareholders

By Terry Smith

OpenedEssilorLuxotticaWolters Kluwer
Exited
Discussed
Read at fundsmith.co.uk · PDF, 17 pp (opens the publisher’s site in a new tab)
KC

·Research·January 2026

The New TDS

Discussed
Read at kerrisdalecap.com · PDF, 28 pp (opens the publisher’s site in a new tab)

December 2025

OC

·Commentary·9 Dec 2025

Is It a Bubble?

By Howard Marks

Read at oaktreecapital.com (opens the publisher’s site in a new tab)
VA

·Outlook·December 2025·Covers 2026

Vanguard economic and market outlook for 2026

Read at corporate.vanguard.com · PDF, 28 pp (opens the publisher’s site in a new tab)

Where the letters agree

Companies that two or more firms say they bought — or sold — in the letters on file.

  • MastercardBought by Pershing Square and Fundsmith
  • NetflixBought by Pershing Square and Fundsmith

Most on file

  • WM17
  • TR10
  • BA9
  • JH8
  • BL7
  • KKR7
  • FE7
  • SC6

How this list is made

Links, not copies. Every title opens the publisher’s own page or file. The documents are the firms’ — nothing is hosted or edited here.

Built from the publishers. Each firm’s own letters or insights page was read, and every link opened, on 5 Oct 2026. Titles and dates are as the firm prints them; a document dated only by month shows the month.

Summary lines are ours and appear only on documents we have read in full; the views in them are the firm’s. The rest are listed, not summarised.

“Filed automatically” marks a document a crawler found on the firm’s own site and opened to read its title and date. Its kind and topics were assigned from the title, so they can be wrong; the document itself is the publisher’s.

Companies are as the letter names them: positions a fund says it opened or exited, and holdings it discusses. One without a US listing is named but not linked.

A link marked “current edition” is an address the publisher reuses each quarter. Nothing here is a recommendation by Maz Vantage.