Bonhoeffer Capital Management’s Q3 2022 Investor Letter

Bonhoeffer Capital Management, an asset management company, released its third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the fund returned -13.7% net of fees, compared to a -10.0% return for its closest benchmark DFA International Small Cap Value Fund, and a -10.9% return for the broad-based index, the MSCI World ex-US. In addition, please check the fund’s top five holdings to know its best picks in 2022.