AFRM - Deep Sail Capital Partners Q4 2023 Investor Letter

2024-01-31 06:30:00 ET

Summary

• Our mission at Deep Sail Capital is to compound the capital of our Limited Partners over long periods of time while being mindful of tax implications.
• For the fourth quarter of 2023, Deep Sail Capital Partners returned 14.3% net of fees while averaging 92% net long exposure.
• From a fundamental perspective, most economic metrics have been lukewarm all year.
• At the end of the third quarter, the fund held 23 long positions and 25 short positions.

Investors,

For the fourth quarter of 2023, Deep Sail Capital Partners (the "Fund") returned 14.3% net of fees while averaging 92% net long exposure. For the full year 2023, the fund returned 6.8% net of fees while averaging 82% net long exposure. Please consult your individual capital account statements for your individual net returns....

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