Avenir Global Fund 1Q21 Commentary
Avenir Global Fund commentary for the first quarter ended March 2021, discussing new additions to their portfolio Daito, Rackspace, and Alibaba. Q1 2021 hedge fund letters, conferences and more Dear Partner The Avenir Global Fund (the “Fund”) generated a net return of 12.9% for the March 2021 quarter following the 13.9% return for the December 2020 quarter. Again, the March quarter performance was more than twice the market with the MSCI ACWI index (AUD) up by 5.9%. This brings the past 1-year return for the Fund to 46.0% (net) well in advance of the 24.2% return delivered by the MSCI ACWI ind...