AGN - Broyhill Asset Management 2018 Annual Letter
Broyhill Asset Management annual letter for the year ended December 31, 2018.
For the year ending December 31, 2018, Broyhill generated low-single digit losses with significantly less volatility than global equity markets. While it's painful to watch gains on the year vanish in the final month, we are pleased to report that January's mid-single digit gains have already offset last year's minor decline. Detailed quarterly reports, including account and benchmark performance, portfolio holdings, and transaction history, have been posted to our investor portal.
"It was the best of times, it was the worst