McIntyre Partnerships commentary for the fourth quarter ended December 31, 2019.
Q4 2019 hedge fund letters, conferences and more
Dear Partners,
I hope you all are having a pleasant start to the year.
Performance Review - FY 2019
Through Year End 2019, McIntyre Partnerships returned approx. -3% gross and -4% net. This compares to S&P 500 and S&P 600 returns including dividends of 32% and 23%, respectively.
In a word, my performance sucked. While the partnerships’ absolute return was bad but not beyond comprehension, our relative performance was awful. The large gains we achieved in the first four months of the year reversed in Q2 and the fund has been volatile and treading...

