Prosper Stars & Stripes, a long/short equity fund, recently released its first-quarter 2026 investor letter. In Q1 2026, the portfolio underperformed with a net return of (-5.6%) compared to the Russell 2000 Index’s +0.9% return and the HFRX Equity Hedge Index’s -1.5% return. Long book performance was negative, while the short book contributed positively. Geopolitics significantly influenced the first quarter, contributing to increased inflation pressures and elevated energy prices....
Prosper Stars & Stripes’ Q1 2026 Investor Letter
