What Makes Charles River Labs (CRL) an Investment Bet?

Upslope Capital Management, an investment management firm, released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. Q4 was the most challenging quarter for upslope. Longs underperformed and shorts dragged. Similarly, month to date performance was also challenging. The fund returned -7.3% (net) in Q4 compared to +0.4% and +0.3% for the S&P Midcap 400 ETF (MDY) and HFRX Equity Hedge Index, respectively. In 2024, the fund’s return was +9.4% (net) compared...