Massif Capital Real Assets Strategy’s Q4 2024 Investor Letter

Massif Capital, an investment management company, released its “Massif Capital Real Assets Strategy” fourth quarter 2024 investor letter. The strategy returned 0.04% net of fees, with gross of fee gains from the long book of 0.18% and short book returns of 0.03% in the fourth quarter. In 2024 the strategy was up 12.1% net of fees, with gross of fees gains from the long book of 12.1% and short book of 1.0%. The portfolio is up 6.6% as of January 21, 2025.  Although the firm is happy with 2024 performance but not satisfied. Overall, it was a strong return on an absolute basis, particularly considering the industries in which the strategy invests. For more information on the fund’s best picks in 2024, please check its top five holdings.

A copy of Massif Capital Real Assets Strategy’s Q4 2024 investor letter can be downloaded here.