Below is the full-year 2017 letter for Livermore Partners, a firm we profiled in the December 2016 issue of Hidden Value Stocks.
2016 was Livermore's first full year as an investment partnership and it blew the lights out with a return of 85% for investors making it one of the best performing value funds in the world.
Unfortunately, 2017 turned out to be a more challenging year for David Neuhauser and team. Livermore ended the year down 6.9%. However, the firm appears to be back on track for 2018 with a positive performance of 7% through February 2.
To: Partners:
2017 (Q1 and Q2)...
