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Mittleman Investment Management 4Q18 Commentary: Rough Year As Clear Media Leads Gains

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Jacob Wolinsky
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Mittleman Investment Management commentary for the fourth quarter ended December 31, 2018.

Q4 hedge fund letters, conference, scoops etc

Mittleman Investment Management, LLC’s composite dropped 15.6% net of fees in the fourth quarter of 2018, versus losses of 13.5% in the S&P 500 Total Return Index and 20.2% in the Russell 2000 Total Return Index. Longer-term results for our composite through 12/31/18 are presented below:

Mittleman Investment Management

“You make most of your money in a bear market. You just don’t know it at the time.” - Shelby C. Davis

If the quote above holds true, given the decline that we’ve just endured, we should be about to make a lot of money....

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.