Andvari Associates’ Q1 2021 Investor Letter

Andvari Associates, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be seen here. A  return of -5.2% was delivered by the fund for the Q1 of 2021, below its S&P 500 and Russell 2000 benchmarks that delivered a 6.2% and 12.7% returns respectively for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.