Alight Capital Management declined 1.3% on a net basis for the first quarter of 2022, according to a copy of the firm's quarterly update, which ValueWalk has been able to review.
Short positions offset most of the losses on the long side of the portfolio. The long/short equity fund exited the quarter with a net exposure of 21% and gross exposure of 80% on a Delta adjusted basis.
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Analyzing Fundamental Factors
Founded by Dipak Patel in January 2015, Alight aims to capitalize on cyclical and structural themes by analyzing fundamental factors and trading dynamics.
The strategy has produced impressive returns since the fund's inception. It returned 2% in 2021, 40.4% in 2020 and 29%...
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