Published February 4, 2021 at 1:07 pm EST Updated August 16, 2023 at 11:46 am EDT

Bonsai Partners recently released its Q4 2020 Investor Letter, a copy of which has been seen by Insider Monkey. The fund had great returns in 2020 but significantly underperformed the S&P 500 Index in 2021, 2022, and the first half of 2023.

2020 Q4 Hedge Fund Investor Letters

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