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Eschler Recovery Fund Q3 2019 Letter To Shareholders

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Includes: AGI, ARNGF, ATBYF, DELRF, DNOW, FCUUF, GDWWF, GGGOF, PAAS, PENMF, SAND, SDRL, SILV, UUUU
by: Theron de Ris
Summary

Eschler Asset Management is a London-based independent investment manager that invests in out-of-favor companies with strong recovery potential.

As of September 30th 2019, the fund had returned 12.1% on a year-to-date basis, net of fees and expenses.

The fund fell 2.8% (net) in Q3’19 primarily on account of weakness in uranium equities, which offset strength in precious metals.

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