Palm Capital’s Q1 2023 Investor Letter

Palm Capital, an investment management company, released its first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the portfolio increased by 24.3% after management fees & trading expenses compared to a 7.3% return for the MSCI World Index. Since its inception, five years ago, the fund has returned 5.9% per annum after management fees & expenses compared to a 5.5% return for the benchmark. In addition, please check the fund’s top five holdings to know its best picks in 2023.