Bonhoeffer Capital Management’s Q2 2022 Investor Letter


Bonhoeffer Capital Management, an investment management firm, published its second-quarter 2022 investor letter – a copy that can be downloaded here. The Bonhoeffer Fund returned -14.9% net of fees in the second quarter of 2022. In the same time period, the MSCI World ex-US, a broad-based index, returned -14.7%, and the DFA International Small Cap Value Fund, Its closest benchmark, returned -13.7%. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.



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