Massif Capital’s Q4 2020 Investor Letter

Massif Capital, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A net return of 15.8% was recorded by the fund for the Q4 of 2020, above its MSCI ACWI benchmark that returned 14.68%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.