Throughout 2018, the firm’s first year of operations, Lightsail Capital’s flagship investment fund, Lighsail Partners, outperformed its benchmarks, the S&P 500 and Russell 2000 by 14.3% and 22.1% respectively net of all fees and expenses.
Q1 hedge fund letters, conference, scoops etc
Lightsail’s run of positive performance has continued into 2019. During the first three months of 2019, Lightsail, which is managed by partners James Basili & Torin Eastburn produced a gain of 13.6% net of fees, matching the S&P 500’s returns throughout the first quarter of the year.
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Lightsail’s performance during the January to March period is even more impressive considering the fact the firm had just 71% of its capital deployed throughout the quarter, that’s according to a copy of the firm’s first quarter letter to investors, which has been reviewed by ValueWalk.
Taking time to deploy capital
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