Deep Sail Capital, an investment management company, released its third-quarter investor letter. A copy of the letter can be downloaded here. The fund returned 5.8% net of fees in the third quarter, outperforming the Russell 2000 Mid Cap Growth Index’s 0.4% return and lagging the Russell 2000 Index’s 12.4% gain. YTD, the fund returned 18.1% net of fees compared to 10.2% and 10.4% for the indexes. The long portfolio contributed to the fund's performance in the quarter, while the short portfolio lagged amid the market's fervor. For more information on the fund’s top picks in 2025,...
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