Apis Capital Flagship Fund 2Q21 Commentary
Apis Capital Flagship Fund commentary for the second quarter ended June 30, 2021. Q2 2021 hedge fund letters, conferences and more Dear Partners, Our Flagship Fund was up 2.6% net in Q2 2021. During the past quarter, our longs contributed 9.1% (gross), while our shorts detracted 4.8% (gross). At the end of June, the Fund was approximately 59% net long with the portfolio 96% long and 37% short. Apis Capital Flagship Fund Performance Overview (Gross Returns)The second quarter was characterized by several feuds playing out in the market. The retail embrace of SPACs and meme stocks continued in ea...