Investor Letters

Investor letters are written by our Investment Committee Chair. Read past letters below.

2022-2023 Letter

2022-2023 FY

2021-2022 Letters

2021 Fall
2021 Spring

2020-2021 letters

2020 Spring
2020 Fall
2021 Winter

2019-2020 letters

2019 Spring
2019 Fall
2020 Winter

2018-2019 letters

2018 Spring
2018 Fall
2019 Winter

2017-2018 letters

2017 Spring
2017 Fall
2018 Winter