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Lemelson Capital Management Reports FYE 2019 Results for The Amvona Fund, LP

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Short and Long positions contribute to FYE 2019 net returns of 151 percent1

SHELBURNE, Vt., Jan. 21, 2020 (GLOBE NEWSWIRE) -- Lemelson Capital Management, LLC (LCM), today announced financial results for The Amvona Fund, LP (The Fund) for FYE 2019. The Fund posted net returns of 151 percent for FYE 2019, beating by 480 percent the benchmark S&P 500 Total Return Index,2 which returned 31.5 percent during the same period.

"We concluded 2019 with our highest rate of return and largest investor base ever," said Fr. Emmanuel Lemelson, LCM's CIO. "Notably, Ligand Pharmaceuticals (NASDAQ:LGND), which we are short, was in free fall for most of 2019, while Bed Bath and Beyond (NASDAQ:BBBY), Buckle, Inc. (NYSE:BKE), Geospace Technologies (NASDAQ:GEOS) and Macy's (NYSE:M), which we are long, performed well," Lemelson continued.

LCM will host an investor conference call on The Fund's FYE 2019 financial results beginning at 10:00 a.m. EST on January 21, 2020. This call will also be available for replay for approximately two weeks thereafter.

Register for the call here

LCM periodically provides information for investors on its corporate website, LemelsonCapital.com, and its related site, Amvona.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance and details related to its annual meeting of shareholders.

Please read the important notice and disclaimer regarding The Fund's performance and this release here

About Lemelson Capital Management
Lemelson Capital Management, LLC is a private investment management firm focused on deep value and special situation investments.
Follow LCM on Twitter @LemelsonCapital
Follow Fr. Emmanuel Lemelson on Twitter @Lemelson

Investor Relations contact
Lemelson Capital Management, LLC 
Investor and Media Relations 
Telephone: 802-332-3833

1 Based on preliminary unaudited results. The returns are net of all fees and expenses that would be incurred by a hypothetical day-one investor. For a further explanation of how LCM calculates results, please read the disclosure here

2 The S&P 500 Total Return Index includes the reinvestment of dividends

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