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Global Return Asset Up 40% YTD On -54% Net Exposure: This American Icon Had Success Hiring Rejects 50 Years Ago

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Jacob Wolinsky
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Global Return Asset Management commentary for the month ended November 30, 2019.

Q3 2019 hedge fund letters, conferences and more

Global Return Asset Management

Dear Friends and Partners,

In November we generated a net return of 6.3%, bringing our year-to-date net return to 39%.1

We ended the month with 18% of assets in Cash and a Net Market Exposure of negative 54%.

Global Return Asset Management

Question: If you were starting a sports footwear company would you hire an over-weight smoker who never played sports? What about a paraplegic in a wheelchair, would you hire this person?

Most people wouldn't.

It's easy to think that neither...

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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.