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...