Mittleman Q4 Report Mittleman Global Value Equity Fund – Class P
Quarterly Report – Q4 2021 Commentary1
The Mittleman Global Value Equity Fund (MGVEF) advanced 3.9% in Q4 2021, vs. an increase of 6.0% in the MSCI ACW Net Total Return Index.
The top three contributors to Q4 2021 performance were Aimia Inc. (OTCPK:AIMFF): US$3.41 to US$3.91 (+14.7%), Revlon Inc. (REV): $10.11 to $11.34 (+12.2%), and International Game Tech. (IGT): $26.32 to $28.91 (+10.6% w/ divd).
The three most impactful detractors from Q4 2021 performance were AMA Group (OTCPK:AMGRF): US$0.32 to US$0.31 (-2.5%), ABS-CBN Holdings Corp. PDR (OTCMKTS:ABSOF): US$0.26 to US$0.23 (-11.7%), and Greatview Aseptic Packaging (OTCPK:GRVWF): US$0.372 to US$0.366 [-1.9%].