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Monday, January 20, 2014

GMO International Active Q4 2013 Letter

GMO International Active Fund is out with their Q4 2013 letter to investors.  For the year they returned 24.1% (bringing their 32 year record since inception to 12.3%) versus 22.8% for the MSCI EAFE (9.3% since inception).  They talk about the year ahead as a stock picker's market.  Enjoy:

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