The latest from Tweedy Browne:
Volatility returned with a vengeance to global equity markets in the 3rd quarter set off by the debt ceiling debate, the resultant downgrade in the U.S. credit rating, and the resurgence of the Southern European debt crisis. Over the last three months, the MSCI World and EAFE Indices had peak to trough declines of around 20%, and finished the quarter down -16.61% and -19.01%, respectively. The S&P 500 also finished the quarter down -13.87%. While the Tweedy, Browne Funds were also down for the quarter (which is nothing to crow about), all four comfortably bested their benchmark indices. Longer-term comparisons also remain quite favorable.
Full commentary embedded below:
Acacia Capital Partners' Peter Kinney declared in his first-quarter letter to investors that he is still concerned about the state of the global economy and the "yet unknown consequences" of the pandemic. Q1 2021 hedge fund letters, conferences and more However, despite this cautious mindset, the managing partner and his team are still finding attractive Read More