Massif Capital’s Q1 2022 Investor Letter

Massif Capital, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. The Massif Capital Real Assets strategy returned 15% net of fees in the first quarter of 2022. The quarter marked a milestone in the firm’s evolution as it switched from running separately managed accounts to standing up a fund structure on March 1st on the heels of an investment from a family office.  Try to spend some time looking at the fund’s top...