Upslope Capital Management, an investment management company, released its first quarter 2023 investor letter, a copy of the same can be downloaded here. At the end of the first quarter, the fund’s net return decreased to -1.2% on a total return basis compared to an increase of 3.8% for the S&P Midcap 400 ETF benchmark. At quarter-end, gross and beta-adjusted net exposures were 146% and 39%, respectively. Positioning reflects a heightened number of perceived opportunities, both long and...
