noLimit46/iStock via Getty Images Dear Partner: Arquitos returned 29.6% net of fees in the second quarter of 2025, bringing the year-to-date return to 66.8%. Individual returns will vary based on timing of investment. Please check your statement for specific results. See page five for more detailed performance information. I have always tried to invest on an absolute basis rather than a relative one. Over the long term, my goal is to generate strong, positive performance regardless of what the broader m ...