10'000 Hours/DigitalVision via Getty Images Dear Partner, Arquitos returned 82.1% net of fees and expenses in 2025, compared to 12.8% for the Russell 2000. Individual returns will vary based on the timing of investment. Please check your statement for specific results. Annualized One Year Three-Year Five-Year Ten-Year Since Inception Arquitos Capital (Net) 82.1% 42.3% 16.0% 11.8% 14.5% Arquitos Capital (Gross) 96.4% 46.9% 18.7% 15.3% 18.8% Russell 2000 12.8% 13.7% 6.1% 9.6% 10.0% *Founded A ...