Higher Demand Lifted Tower Semiconductor Ltd. (TSEM) in Q3

Renaissance Investment Management, an investment management company, released its Q3 2025 “International Small Cap Equity Strategy” investor letter. A copy of the letter can be downloaded here. International equities posted their third consecutive quarter of positive returns, maintaining a successful trend and heading toward their best year since 2017. The portfolio posted positive returns in the quarter on a relative basis, outperforming the benchmark in the quarter. For more information on the fund’s bes ...