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Cooper Creek Partners LLC - Investor Newsletter Q3 2024
October 2024 - Hedge Fund
Dear Investor:
Cooper Creek Partners lost 0.1% in Q3, while averaging -5.4% net exposure. Year-to-date, the fund is up 11.3%, while averaging 1.7% net exposure.
Over the first month of the third quarter, the Federal Reserve maintained their cautious approach. Their decision to hold rates steady in July was largely driven by mixed economic data wherein employment figures showed resilience, while simultaneously, inflation remained above the Fed’s stated target of 2.0%. During his press conference,