Generation Investment Management, an investment management firm, released its “Global Equity Strategy” second quarter 2024 investor letter. The strategy’s recent net performance was behind market averages. Since the fund’s inception, the strategy has underperformed for about 8% of the time on a rolling five-year basis. Several factors have contributed to the current underperformance, including not owning Nvidia, which explains about a third of the relative underperformance year-to-date....
