Lyrical Asset Management 2020 Commentary: The Reports Of Value’s Demise Are Greatly Exagerrated
Lyrical Asset Management commentary for the year ended December 2020, titled, “EAFE Value Index.” Q4 2020 hedge fund letters, conferences and more The pandemic tested our mettle, but our strategy and the companies in our portfolio navigated well through the volatile environment. We seek to own attractive businesses at attractive valuations, and this discipline helped us manage confidently through a challenging time. Despite a rocky start to 2020, our portfolio advanced 5.5% (net) for the year, outperforming our Foreign Large Value mutual fund category peers by 460bps. After a bruising first qu...