Mott Capital Management commentary for the fourth quarter ended December 31, 2020.
Q4 2020 hedge fund letters, conferences and more
We survived and flourished in 2020. That is the good news.
For the year, the Mott Capital Management Thematic Growth Composite climbed by 25.4% net of fees and transaction costs, easily beating the S&P 500 Total Return Index gain of 18.4%, including dividends. For the second year in a row, we outperformed the Total Return Index, and at the same time strengthened our relative performance over the past three years, rising by 16.2% vs. the S&P 500 Total Return gain of 14.2% on an annualized basis.
The not so good...
