The document is an investor letter from Honeycomb Asset Management detailing the fund's performance for Q4 2018, full year 2018, and since inception. It discusses the fund's strategy, performance review, investment themes for 2019, and business updates. The letter emphasizes the fund's flexible mindset, risk management, and investment opportunities in 5G wireless technology. It also provides a co-investment update on Tencent Music Entertainment and outlines the business's growth and recruitment efforts.
documents/EFTA00803459.pdf
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