Sarria NAV
All,
The pandemic is dragging on and global recovery is slower than we thought only a year ago. 2021 has been another tough year in many ways. Meanwhile however, at Sarria we have much to be thankful for. Following our 16.4% return in 2020 (net, unlevered), our (paper) book has performed even better since then.
2021 has given Sarria the chance to demonstrated the alpha inherent in hard work and in our unique setup among some of the smartest accounts on the Buyside. Our trusted analysts’ diligent and conclusive analysis and your questions, your answers and your confidence has allowed you and us to gain comfort on some of the more challenging, opaque and misunderstood names in the market, generating truly outsized returns.
The result has been a staggering return on NAV of 36.8% (net unlevered) in 2021 and I want to thank Team Sarria and You, our clients, for making this think tank happen.
