Global Value Strategy

Letters

Q4 2025: Our Best Year Since Inception

Q3 2025: US Stocks Relatively Expensive

Q2 2025: TBC Bank Group

Q1 2025: 2025 Tariffs

Archived Letters from Previous Years

 

Factsheets

Q4 2025 Factsheet

Q3 2025 Factsheet

Q2 2025 Factsheet

Q1 2025 Factsheet

Archived Factsheets from Previous Years