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Deep Sail Capital’s Q1 2025 Investor Letter

Deep Sail Capital, an investment management company, released its first-quarter investor letter. Deep Sail Capital Partners returned 0.02% net of fees in the quarter and averaged 80% net long exposure. The fund outperformed benchmarks, the Russell 2000 index and the Russell Mid-Cap Growth index, by 9.5% and 7.1%, respectively. The short portfolio significantly contributed to performance this quarter, particularly as the overall market experienced a decline. Its positive impact surpassed the losses from the long portfolio, even though the average short exposure was only 47%, compared to...