Andvari Associates’ Q1 2022 Investor Letter

Andvari Associates, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. During the past quarter, Andvari, unfortunately, underperformed the S&P 500. For the first quarter of 2022 Andvari was down 15.5% net of fees while the S&P 500 was down 4.6%. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.