Mittleman Investment Management Q3 Letter Up 19% YTD; Finding Deep value in emerging markets (40% Of Portfolio In EM)

Mittleman Investment Management, LLC’s composite advanced 19.1% net of fees in the third quarter of 2018, versus gains of 7.7% in the S&P 500 Total Return Index and 3.6% in the Russell 2000 Total Return Index. Longer-term results for our composite through 9/30/18 are presented below: Q3 hedge fund letters, conference, scoops etc “Many shall be restored that now are fallen, And many shall fall that now are in honor.” – HORACE—ARS POETICA, c. 19 BC That quote from Roman poet Horace in The Art of Poetry circa 19 BC is found on the first page of another timeless work,…