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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 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.