Yarra Square Partners returned 19.5% net in 2020, outperforming its benchmark, the S&P 500, which returned 18.4% throughout the year. According to a copy of the firm's fourth-quarter and full-year letter to investors, which ValueWalk has been able to review, 2020 was a year of two halves for the investment manager.
Q1 2021 hedge fund letters, conferences and more
In the last three months of the year, the long-short fund underperformed the market, returning 6% compared to 7.9% for the S&P 500. However, during the first quarter of the year, when the market collapsed 19.6%, the fund outperformed, returning 6.7%.
Yarra's best performance of the year came in August. In the month,...
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