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Tao Value’s Q4 2019 Investor Letter

On February 26, 2020, Tao Value released its Q4 2019 Investor Letter, a copy of which you can download here. For the quarter ended December 31st, 2019, Tao Value recorded a return of 4.25%, compared to 8.75% of MSCI All Country World Index (ACWI). This brings its 2019 full-year return to 17.88%, compared to 26.58% of 2019 full-year return of ACWI.