Generation Investment Management Global Equity Strategy’s Q1 2023 Investor Letter

Generation Investment Management, an investment management firm, released its “Global Equity Strategy” first quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy performed roughly in line with the benchmark on a rolling five-year net basis and it is about 1.3% below on a rolling three-year net basis. The main reasons for the underperformance of the strategy were overestimation of the quality of the holdings, change in the external environment, and overpayment for some companies. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.