Liberty Park Fund, LP’s value decreased 2.02%, net of fees, in the first quarter of 2021 vs. a 12.70% increase in the Russell 2000. The 21.65% increase in our long positions contributed 13.10% on a weight-adjusted basis, while the 22.60% increase in our shorts detracted 14.58% on a weight-adjusted basis. Gross exposure averaged 127.70%. Net exposure averaged 8.11%. Gross Pure Alpha1— our proprietary measure of returns generated from stock selection— was -2.33% for the quarter.
Liberty Park