Bonsai Partners Q2 2020 Investor Letter

Bonsai Partners recently released its Q2 2020 Investor Letter. The fund posted a return of 101.8% for the quarter (net of fees), outperforming their benchmark, the S&P 500 Index which returned 20.5% in the same quarter. Unfortunately, the small fund underperformed market since the end of 2020 through the end of June 2023.