Librarian Capital Monthly Update – Jul 2020

Portfolio Performance
Our long-only Librarian Capital portfolio gained 5.1% in USD in July, but a 5.5% appreciation of GBP against USD meant our reported performance was a loss of 0.4%. This represented an outperformance over the MSCI World index, our chosen benchmark, which lost 1.4%; our year-to-date gain of 0.6% in GBP is similarly ahead of MSCI Worlds loss of 0.3%, as we continue to outperform materially since inception, including in 3 of the last 4 years:
Our performance since we started …

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