Argosy Investors’ Q3 2023 Investor Letter

Argosy Investors, an investment management company, released its third-quarter investor letter. A copy of the same can be downloaded here. The fund ended the quarter with 38.6% of the portfolio in cash and short-term government bonds. Year-to-date, the S&P 500 returned 13.1%. The recent increase in 10-year Treasury rates has led to a repricing of various assets, such as equities, real estate, and companies supported by private equity. In addition, please check the fund’s top five holdings to know its best picks in 2023.