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ValueWalk
ValueWalk
Apis Deep Value Fund commentary for the fourth quarter ended December 31, 2021. Q4 2021 hedge fund letters, conferences and more Dear Partners, The Apis Deep Value Fund was up 8.2% net in Q4 2021 and ended up 15.4% net for the year. During the past quarter, our longs contributed 4.7% (gross) and our shorts contributed 6.0% (gross). At the end of December, the Fund was approximately 71% net long with the portfolio 110% long and 39% short. Performance Overview (Gross Returns)Returns during 2021 were in-line with the average of the Fund’s strong performance over the past 18 years. Despite lower n…