As the saying often attributed to Vladimir Lenin goes, “There are decades where nothing happens; and there are weeks when decades happen.” That is how the team behind Asilo Argo describes April, a month in which the concentrated long-only equity fund surged 25.6 percent. While Asilo Argo is no stranger to double-digit monthly gains, including returns north of 20 percent, April marked the strongest month since the fund’s launch in late 2020 and largely reversed the losses incurred earlier this ye...
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