Avenir Capital 2Q20 Commentary

Jacob Wolinsky

Published onJuly 31, 2020

Updated on May 14, 2021

Avenir Capital commentary for the second quarter ended June 2020.

Table of Contents

Q2 2020 hedge fund letters, conferences and more

Dear Partner:

The Avenir Global Fund (the “Fund”) increased 4.7% for the June 2020 quarter bringing the past 1-year return to -11.6% (net)1. The MSCI ACWI index (AUD) returned 6.0% for the quarter and 4.1% for the past year. In local currency terms, the portfolio increased in value by 14.7% during the quarter but currency moves, which provided a useful buffer during the first quarter of the year, proved a headwind during the June quarter, reducing the return by 10.1%.

The second quarter of the year saw equity markets make similar spectacular moves to the first quarter, except in this case, in the...

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Jacob Wolinsky

Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid

Avenir Capital 2Q20 Commentary

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