Investor Letters
Letters through September 1, 2026
5 letters reporting on the period ending September 1, 2026, in each firm's own reckoning.
- Alpinum Investment Management AG Quarterly Investment Letter – Q3 2026 Global macro conditions are framed as an inflationary boom, with resilient nominal activity, persistent energy-driven inflation risk and stagflation as the principal downside. Alpinum favours capital preservation, active rotation, short-duration high yield and senior secured loans, selective equities and liquid alternatives over broad market exposure. Q3 2026 —
- Fred Alger Management, LLC Fred Alger Management, LLC Q3 2026 Letter — Rebuilding American Industry with Physical AI Q3 2026 —
- Donville Kent Asset Management Inc. Donville Kent Asset Management Inc. Q3 2026 Letter — Capital Ideas Fund LP Q3 2026 —
- Akre Capital Management, LLC Akre Capital Management, LLC Q3 2026 Letter scanned Q3 2026 —
- Aikya Investment Management Aikya Investment Management Q3 2026 Letter — Aikya Global Emerging Markets Fund scanned Q3 2026 —
