Barac Capital Management 4Q19 Commentary: Dangerous Market Levels Warrant Higher Cash

Barac Capital Management letter to investors for the fourth quarter ended December 31, 2019. Q4 2019 hedge fund letters, conferences and more Dear All, The aggregate performance of Barac Capital Management’s (“BCM”) separately-managed-accounts (“SMAs”)12 for the fourth-quarter ending December 31, 2019 was 5.3% relative to a 5.4% return for BCM’s benchmark. Individual account performance may vary, depending on timing factors, fee levels, and customized asset allocations. Please check your brokerage statements for the actual returns of your individual accounts. Second Quarter Performance Fourth quarter returns amounted to 5.3% on a net basis (5.4% for the benchmark), bringing year-to-date returns to…