The Choice Equities Fund added 2.3% net in the fourth quarter, bringing the total return for 2021 to 36.9%, outperforming the Russell 2000 by 14.8%.
Q4 2021 hedge fund letters, conferences and more
Writing in his year-end letter to investors, portfolio manager Mitchell Scott notes that 2021 marked the 5th birthday of the fund. Since its inception, it has returned 27.9% annualized compared to just 12% for the Russell 2000 and 18.5% for the S&P 500.
Scott featured in the January 2022 issue of Value Investor Insight where he describes his investing process and how he uses the mindset of an "opportunistic business person" to find potential investment ideas.
He explains that...
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