Arquitos Capital Management 3Q18 Commentary – MicroCap Update

Arquitos Capital Management commentary for the third quarter ended September 30, 2018. Q3 hedge fund letters, conference, scoops etc Meanings are not determined by situations, but we determine ourselves by the meanings we give to situations. – Alfred Adler Dear Partner: Arquitos returned -6.6% net of fees in the second quarter of 2018, bringing the year-to-date return to -12.6%. Our annualized net return since the April 10, 2012, launch is 26.8%. Please see page four for more detailed performance information. Individual performance may vary. 2018 has been an interesting year for the portfolio for a variety of reasons. As I…