Apis Capital Flagship Fund 1Q21 Commentary
Apis Capital Flagship Fund commentary for the first quarter ended March 31, 2021. Q1 2021 hedge fund letters, conferences and more Dear Partners, Our Flagship Fund was up 4.7% net in Q1 2021. During the past quarter, our longs contributed 10.1% (gross), while our shorts detracted 3.4% (gross). At the end of March, the Fund was approximately 58% net long with the portfolio 88% long and 30% short. Performance Overview (Gross Returns)Returns were solid for the Flagship Fund during the first quarter and roughly matched the global indices, despite our net portfolio exposure being held at approximat...