Not a small cap fund manager (ASX large caps) but the Selector quarterlies are always a good read - Selector Fund (website-files.com) A 'quality' and industrial focus mainly.
I would be curious to know what small cap fund managers newsletter respect and read - especially any less well known managers - for valuable insights?
Samuel Terry Asset Management just released their annual newsletter - 2022-Annual-Letter.pdf (samuelterry.com.au) 16.0%pa since 2003! They are postive on oil but have taken profits and are very cautious on markets.