Lyrical International 2021 Annual Commentary: TFI And Element
Lyrical International commentary for the year ended December 31, 2021 highlighting their holdings in TFI And Element. Q4 2021 hedge fund letters, conferences and more 2021 International Value ReviewUpon examination, 2021 was a great year for Lyrical International. Our strategy has now outperformed the EAFE Value in each calendar year since inception, and at the end of May will reach its three-year performance mark. For 2021 we returned 16.1%, compared to the ~11% for the MSCI EAFE and EAFE Value. On a constant currency basis, our return would have been ~22%, as foreign exchange rates had a -60...