October 14, 2020
Liberty Park Fund, LP’s value decreased 0.59%, net of fees, in the second quarter of 2020 vs. a 4.93% increase in the Russell 2000. The 3.45% increase in our long positions contributed 2.25% on a weight-adjusted basis, while the 5.13% increase in our shorts detracted 2.56% on a weight-adjusted basis. Gross exposure averaged 142.11%. Net exposure averaged 26.07%. Gross Pure Alpha1— our proprietary measure of returns generated from stock selection— was negative 1.53% for