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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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Editor's Top Picks

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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How will Germany’s Friedrich Merz build his coalition government?

German conservative leader Friedrich Merz spent the past two months excoriating the country’s Social Democrats

The London Stock Exchange has been left behind by its parent

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories

Tesla starts 2025 with sharp drop in sales in Europe

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D1 Capital’s bet on European turnarounds aids its own recovery

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BP to abandon pledge to cut oil and gas output as boss fights for group’s survival

BP will abandon its pledge to reduce oil and gas output and announce at least

Huawei improves AI chip production in boost for China’s tech goals

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories

Japanese trading house shares surge after latest Warren Buffett endorsement

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US drives Ukraine war measure through UN with Russian backing

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How Two High-Yield Picks Can Boost Your Portfolio’s Income: One Yields 20%

This article was written byFollowI specialize in constructing investment portfolios aimed at generating additional income

Amundi CIO says Donald Trump’s move to rein in regulators is a ‘big mistake’

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German election winner to welcome Benjamin Netanyahu despite ICC arrest warrant

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Europe needs Friedrich Merz to succeed

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories

EU and UK in talks about Europe-wide defence funding amid fear of US pullback

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories

Trump changed conversation on Ukraine ‘for the better’, says UK

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JPMorgan Chase sets aside $50bn for direct lending in private credit push

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories