Bonhoeffer Capital Management’s Q1 2021 Investor Letter

Bonhoeffer Capital Management, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 13.8% was recorded by the fund for the Q1 of 2021, compared to 4.2% and 8.1% returns of the MSCI World ex-US and the DFA International Small Cap Value Fund, respectively for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.