Longleaf Partners, managed by Southeastern Asset Management, released its “Global Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The Fund had a good year in 2023 and it nearly doubled the FTSE Developed Value Index, while almost equaling the tech-led FTSE Developed Index. The fund returned 7.03% in Q4 compared to 9.20% and 11.43% for the indexes, respectively. For the full year, the fund returned 22.48% compared to 13.54% and 23.61%, respectively...
