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Andvari Associates' Q4 2020 Investor Letter


Andvari Associates’ Q4 2020 Investor Letter
Andvari Associates, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be seen here. A net return of 31.1% was recorded by the fund for the year end 2020, outperforming its S&P 500 benchmark that delivered an 18.4% return. One of the main holdings of Andvari is Liberty Broadband Corp Series A (NASDAQ: LBRDA). You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Published on February 8, 2021 at 12:38 pm by
Inan Dogan, PhD
Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He launched his hedge fund in 1956 with $105,100 in seed capital. Back then they weren’t called hedge funds, they were called “partnerships”. Warren Buffett took 25% of all returns in excess of 6 percent.  ....

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