Multiple headwinds Weighed on Enovix Corp’s (ENVX) Performance

Massif Capital, an investment management company, released its “Massif Capital Real Assets Strategy” second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, the strategy fell 5.16% net of fees, bringing year-to-date returns to 10.7%. April and May were strong, but June losses in European energy and materials weighed on performance. Portfolio volatility reached an annualized 32.8% during the first half, compared with 16.2% from 2019 through 2025,...