The London Company Large Cap Strategy’s Q4 2023 Investor Letter

The London Company, an investment management company, released “The London Company Large Cap Strategy” fourth quarter 2023 investor letter. The fund gained 7.6% (7.5%, net) during the quarter compared to a 12% rise in the Russell 1000 Index. Headwinds from stock selection and sector exposure led the fund to underperform in Q4. The Large Cap portfolio underperformed its benchmark in 4Q, falling short of 85-90% upside capture estimates. As was the case throughout the year, a lack of...