Adestella Investment Management’s Q4 2020 Investor Letter

Adestella Investment Management, a long/short equity investment management firm, published its fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 24.8% was recorded by the fund in the fourth quarter of 2020 and 93.3% for the whole year, outperforming its S&P 500 benchmark that delivered a 12.1% and 18.4% returns respectively in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.