Right Tail Capital’s Q4 2023 Investor Letter

Right Tail Capital, an investment management company, released its fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. In 2023, as well as since its launch in May 2022, the fund’s investments have increased dramatically. In 2023, Right Tail’s portfolio increased by 29% before fees. Net performance for performance fee investors grew ~23.4% while management fee investors grew ~27.4%. The S&P 500 also had a good year in 2023 and increased ~26.2%. Since its inception, the fund’s net performance is 22.5% for performance fee investors, 25.5% for management fee investors, and 21.7% for the S&P 500. In addition, please check the fund’s top five holdings to know its best picks in 2023.