Arch Capital Management’s Q1 2022 Investor Letter

Arch Capital Management, an investment management firm, published its first-quarter 2021 investor letter – a copy of which can be downloaded here. The fund holds a concentrated collection of high-quality businesses purchased at prices where we believe forward returns can exceed a rate of 15% a year. With the fund down 15.3% since inception, the market seems to not agree with its assessments. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.