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Livermore Partners 3Q19 Letter to Investors Up 65% YTD: Short Wirecard Thesis

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Jacob Wolinsky
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Livermore Partners letter to investors for the third quarter ended September 30, 2019.

Q3 2019 hedge fund letters, conferences and more

End of cycle seems inevitable - Livermore pulls back in Q3 but remains up 65% percent thru 2019.

To Partners:

Third Quarter proved difficult for us given the challenging macroeconomic landscape and our extremely strong performance thru Q2. Still, we remain on track to have our best year since 2016. We lost 7% percent in the quarter as energy, gold, and industrials all took it on the chin. Yet, through Q3, and even with the pullback, Livermore Strategic Opportunities, LP has returned 65.53% in 2019. Our event-driven catalyst approach continues to outperform, and I feel as a fund, we are...

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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