Arquitos Capital Management letter to investors for the third quarter ended Septmeber 30, 2019.
Q3 2019 hedge fund letters, conferences and more
The stock market is a device for transferring money from the impatient to the patient. - Warren Buffett
Dear Partner:
Arquitos returned -12.6% net of fees in the third quarter of 2019, bringing the year-to-date return to -12.5%. Our annualized net return since the April 10, 2012, launch is 16.9%. Before fees, Arquitos has returned 370% cumulatively and 22.9% annually since our launch seven and a half years ago. Please see page four for more detailed performance information.
The operations of our primary positions continue to be strong. Their...


