Andvari Associates’ Q4 2021 Investor Letter

Andvari Associates, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. A quarterly net return of 11% was delivered by the fund for the year 2021, below its S&P 500 and Russell 2000 benchmarks that delivered a 28.7% and 14.8% return respectively for the same period.  Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.