Generation Investment Management Global Equity Strategy’s Investment Thesis on Nutanix (NTNX)

Generation Investment Management, an investment management firm, released its “Global Equity Strategy” second quarter 2024 investor letter. A copy of letter can be downloaded here. The strategy’s recent net performance was behind market averages. Since the fund’s inception, the strategy has underperformed for about 8% of the time on a rolling five-year basis. Several factors have contributed to the current underperformance, including not owning Nvidia, which explains about a third of the relative underperformance year-to-date. In addition, please check the fund’s top five...