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Global Return Asset Management August 2019 Update: Up 33% YTD

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Jacob Wolinsky
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Global Return Asset Management performance update for the month of August 2019.

Q2 hedge fund letters, conference, scoops etc

GRAM

Dear Friends and Partners,

In August we generated a net return of 3.3%, bringing our year-to-date net return to 33%.1

We ended the month with 21% of assets in Cash and a net market exposure of negative 38%.

GRAM


Research Data

"...we believe that the combination of negative cash flow, poor working capital management, and high debt load in a hyper competitive environment will put the company under extremely high risk." Source: Lehman Brothers report on Amazon.com, June 2000.

With major market indexes trading a...

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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.