- Mittleman Investment Management, LLC is an SEC-registered investment adviser that provides discretionary portfolio management to institutional investors and high-net-worth individuals.
- Mittleman Investment Management’s composite gained 25.9% net of fees in the first quarter of 2021, versus gains of 6.2% in the S&P 500 Total Return Index and 12.7% in the Russell 2000 Total Return Index.
- The top three contributors to our Q1 2021 performance were AMC Entertainment (AMC): $2.12 to our average exit price of $13.91 (+556%), Aimia (AIM CN): US$3.24 to $4.11 (+27%), and Cineplex (CGX CN): US$7.26 to $9.47 (+30%).
- The three most impactful detractors from Q1 2021 performance were new entrant AMA Group (AMA AU): US$0.51* to $0.42 (-18%), Greatview Aseptic (142 HK): $0.58 to $0.50 (-14%), and ABS CBN (ABSP PM): $0.26 to $0.21 (-19%).
For further details see:
Mittleman Brothers Q1 2021 Investor Letter