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Vulcan Value Partners Q4 2025 Letter
Portfolio Review All of our strategies had positive returns for the year. These results are detailed in the table below.…
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Is the US about to screw SWFs?
Just ahead of Christmas, the US Inland Revenue Service dropped a bunch of proposed changes to Section 892 of the…
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Global confidence slumps as trade turmoil looms over IMF meetings
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Israeli military admits ‘professional failures’ in killing of 15 medics in Gaza
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
Republican senator backs Powell over Trump attacks on Fed
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Reeves to press case for global free trade in US talks
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
US explores drastic cuts to state department operations
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Tariffs without industrial policy won’t work
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Elon Musk’s cost-cutting team sets its sights on US’s National Gallery
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Why Jamie Dimon is right about meetings
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
Javier Milei’s next gamble: letting the peso off the leash
Argentina’s libertarian president Javier Milei made a high-stakes strategy change this week, scrapping a currency…
China’s rare earths controls prompt fears of auto shortages and shutdowns
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
Hungary would hurt EU taxpayers by lifting Russia sanctions, warns Estonia
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It’s the hope that saves you
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
South Korea will not ‘fight’ Donald Trump’s tariffs, says acting president
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
China tech groups lead multibillion-dollar campaign to help exporters sell at home
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German bonds rise with euro as investors head for Europe’s haven
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…