LVS Advisory, a New York City-based full-service investment firm, recently released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The LVS Growth Portfolio gained 15.7% for the first three quarters, and the LVS Event-Driven Portfolio gained 10.4% for the same period, net of all fees and expenses. This compares to a 14.8% gain for the S&P 500 and a 7.3% return for the high-yield bond index. The main focus of the portfolio over the past two years has been investments in ...