Tollymore Investment Partners 2020 Year End Letter – Operating systems: Next plc and Farfetch Ltd
Tollymore Investment Partners letter to investors for the year ended Decemberr 31, 2020, discussing retail operating systems and shortened supply chains. Q4 2020 hedge fund letters, conferences and more Dear partners, £1 invested in Tollymore at inception was worth £3.58 on 31 December 2020, after expenses but before fees paid to Tollymore. Over the same period £1 invested in the MSCI All Country World Index would have generated a return of 87p. Around three quarters of this benchmark outperformance would have accrued to those invested at inception. Tollymore has generated returns of 28% per a...