This Fund Smashed The S&P 500 In 2020

Phoenician Capital was up 30.3% for the fourth quarter, bringing its full-year return for 2020 to 50.8%. The fund outperformed the S&P 500’s 12.1% return in the fourth quarter by 18.2% and beat the S&P’s full-year return by 32.4%. Q1 2021 hedge fund letters, conferences and more In his 2020 letter to investors, which was reviewed by ValueWalk, John Khabbaz of Phoenician Capital said their biggest contributors last year were Banco Inter, Dino Polska, eXp World Holdings, goeasy and IAC/InterActive Corp. Phoenician Capital is a global value equities fund. Over the last 12 years, the fund has taken up a…