This Hedge Fund Is Buying Tobacco As It Believes Vaping Scare Is “Overdone”
The Tyro Absolute Return Fund gained 6.4% net in the third quarter of 2019 compared to the S&P 500's return of 1.9%. Following this performance, the fund is up 17.2% year-to-date, compared to a return of 20.6% for the S&P 500 total return index according to a copy of the firm's third-quarter letter to investors, which ValueWalk has been able to review.
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