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Barac Capital Management 4Q19 Commentary: Dangerous Market Levels Warrant Higher Cash

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Jacob Wolinsky
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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.

Barac Capital Management

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%...

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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 worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid