Andvari Associates, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be seen here. A net return of 31.1% was recorded by the fund for the year end 2020, outperforming its S&P 500 benchmark that delivered an 18.4% return. You can see the fund’s holdings and its biggest bets for 2021.
Andvari Associates said in their Q4 letter that one of their holdings, Liberty Broadband Corporation (NASDAQ: LBRDA), had a notable acquisition last year....
