Choice Equities Fund letter to investors for the third quarter ended September 30, 2019. Q3 2019 hedge fund letters, conferences and more Dear Investor: Markets were up and down in Q3. The large caps again continued their outperformance over small caps, as the S&P 500 added +1.7% to year-to-date gains while the Russell 2000 gave back -2.4% for the quarter. Our portfolio was up +5.5% in the quarter. This latest update now means $1 invested in our portfolio since becoming independent in 2017 is worth $1.58 versus our Small/Large blended benchmark of $1.22. Executive Summary In this letter, we highlight…
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