180 Degree Capital Corp.’s Q4 2023 Investor Letter

180 Degree Capital Corp., an investment management firm, recently released its fourth quarter 2023 investor letter. This recession has caused investors to move their capital away from risky assets to safer ones. Despite predictions of a return to higher interest rates, the economy has not suffered any major setbacks. Instead, GDP has risen by 3.1%, wages and salaries have grown by 4.7%, real private fixed investment in manufacturing structures has reached record highs, and employment rates remain strong. In the fourth quarter of 2023, there was a positive change in the market as it believes that investors will start to take more risks, including investing in microcapitalization stocks. The Fund’s public portfolio had a gross total return of +6.9%, which was the main reason for the increase in NAV per share from $4.91 to $5.02. For more information on the fund’s top picks in 2023, please check its top five holdings.

A copy of 180 Degree Capital Corp.’s Q4 2023 investor letter can be downloaded here.