Barac Capital Management letter to investors for the fourth quarter ended December 31, 2019.
Q4 2019 hedge fund letters, conferences and more
Dear All,
The aggregate performance of Barac Capital Management’s (“BCM”) separately-managed-accounts (“SMAs”)12 for the fourth-quarter ending December 31, 2019 was 5.3% relative to a 5.4% return for BCM’s benchmark.
Individual account performance may vary, depending on timing factors, fee levels, and customized asset allocations. Please check your brokerage statements for the actual returns of your individual accounts.
Second Quarter Performance
Fourth quarter returns amounted to 5.3% on a net basis (5.4% for the benchmark), bringing year-to-date returns to 20.7%. Cumulative returns since inception on May 16, 2017 amounted to 29.1%...

