McIntyre Partnerships 4Q19 Commentary; Long This Chemicals Stock

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…