META - Bronte Capital Amalthea Fund June 2022 Fund Letter

• The Bronte Amalthea Fund is a global long/short fund targeting double digit returns over the long term, managed by a performance orientated firm with a process and portfolio that we feel is genuinely different.
• The Bronte Amalthea Fund returned 0.1% in June and +7.5% for the 2Q against a volatile market backdrop.
• The net effect of mild underperformance in our longs and astonishing outperformance in our shorts is that we are roughly flat.
• We also think that the medium-term future will be similar: great returns from shorts, difficulty with longs, though we think from this market level our longs will be incrementally better and shorts incrementally worse.

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