--- title: Long Short Advisors | News & Insights | Shareholder Letter (2) description: Shareholder Letter | Long Short Advisors News & Insights (2) --- [![LSA Logo - Old - Roboto](https://blog.longshortadvisors.com/hs-fs/hubfs/LSA%20Logo%20-%20Old%20-%20Roboto.png?width=200&height=58&name=LSA%20Logo%20-%20Old%20-%20Roboto.png "LSA Logo - Old - Roboto")](https://longshortadvisors.wpcomstaging.com/) [Subscribe for Updates ](https://blog.longshortadvisors.com/news-insights/tag/shareholder-letter/page/2#subscribe) #### Subscribe for Updates Receive the latest News & Insights from Long Short Advisors. [Long Short Advisors Don't Time The Market – Invest In It ](https://longshortadvisors.wpcomstaging.com/) # News & Insights ![](https://blog.longshortadvisors.com/hs-fs/hubfs/01CD9A26-447B-4876-B6EC-5964E009DA04.jpeg?width=355&name=01CD9A26-447B-4876-B6EC-5964E009DA04.jpeg) #### [LSOFX Q4 2022 Shareholder Letter](https://blog.longshortadvisors.com/news-insights/lsofx-q4-2022-shareholder-letter) [February 10, 2023](https://blog.longshortadvisors.com/news-insights/lsofx-q4-2022-shareholder-letter) Current Market Environment “This time is different.” As 2022 began, that sentiment seemed pervasive. With the S&P 500 trading close to all-time highs, continuing to be led by... ![](https://blog.longshortadvisors.com/hs-fs/hubfs/F645C9D9-D02D-4BB5-B8A0-D703535FA577.jpeg?width=355&name=F645C9D9-D02D-4BB5-B8A0-D703535FA577.jpeg) #### [LSOFX Q3 2022 Shareholder Letter](https://blog.longshortadvisors.com/news-insights/lsofx-q3-2022-shareholder-letter) [November 01, 2022](https://blog.longshortadvisors.com/news-insights/lsofx-q3-2022-shareholder-letter) Current Market Environment According to ESPN major league baseball (MLB) analyst, Doug Glanville, MLB instituted the “warning track” in 1949. This came after a Brooklyn Dodgers... ![](https://blog.longshortadvisors.com/hs-fs/hubfs/snakeinflation.png?width=355&name=snakeinflation.png) #### [LSOFX Q2 2022 Shareholder Letter](https://blog.longshortadvisors.com/news-insights/lsofx-q2-2022-shareholder-letter) [August 01, 2022](https://blog.longshortadvisors.com/news-insights/lsofx-q2-2022-shareholder-letter) Current Market Environment We find ourselves questioning the maxim, “Good things come to those who wait.” After waiting years for interest rates to rise, thereby ushering in a... ![](https://blog.longshortadvisors.com/hs-fs/hubfs/12.01.2021_inflation_cartoon.png?width=355&name=12.01.2021_inflation_cartoon.png) #### [LSOFX Q1 2022 Shareholder Letter](https://blog.longshortadvisors.com/news-insights/lsofx-q1-2022-shareholder-letter) [April 21, 2022](https://blog.longshortadvisors.com/news-insights/lsofx-q1-2022-shareholder-letter) Current Market Environment The new year started as we expected: inflation continuing to rise, the Federal Reserve getting increasingly hawkish, interest rates rising, and with a... ![](https://blog.longshortadvisors.com/hs-fs/hubfs/lsa.png?width=355&name=lsa.png) #### [LSOFX Q4 2021 Shareholder Letter](https://blog.longshortadvisors.com/news-insights/lsofx-q4-2021-shareholder-letter) [February 11, 2022](https://blog.longshortadvisors.com/news-insights/lsofx-q4-2021-shareholder-letter) Current Market Environment Don’t Fight The Fed 2021 began with a hopeful optimism of a soon-to-be vaccinated world, and our being able to put the COVID-19 pandemic in the rearview... ![](https://blog.longshortadvisors.com/hs-fs/hubfs/shutterstock_603680861.jpg?width=355&name=shutterstock_603680861.jpg) #### [Does the Bank M&A Wave Still Have Legs?](https://blog.longshortadvisors.com/news-insights/does-the-bank-ma-wave-still-have-legs) [January 24, 2022](https://blog.longshortadvisors.com/news-insights/does-the-bank-ma-wave-still-have-legs) Banks are on pace for their biggest year of M&A activity, in terms of dollar volume since the financial crisis, confirming one of our investment theses for the industry. And we... ![](https://blog.longshortadvisors.com/hs-fs/hubfs/3Q21%20Commentary%20Cartoon.jpg?width=355&name=3Q21%20Commentary%20Cartoon.jpg) #### [LSOFX Q3 2021 Shareholder Letter](https://blog.longshortadvisors.com/news-insights/lsofx-q3-2021-shareholder-letter) [November 09, 2021](https://blog.longshortadvisors.com/news-insights/lsofx-q3-2021-shareholder-letter) Current Market Environment Cases of whiplash must have spiked lately. After all, in a few short months, market commentators have abruptly transitioned from: “inflation is... ![](https://blog.longshortadvisors.com/hs-fs/hubfs/364D5B63-D00F-43F1-8895-9B208C15E741.jpeg?width=355&name=364D5B63-D00F-43F1-8895-9B208C15E741.jpeg) #### [LSOFX Q2 2021 Shareholder Letter](https://blog.longshortadvisors.com/news-insights/lsofx-q2-2021-shareholder-letter) [July 23, 2021](https://blog.longshortadvisors.com/news-insights/lsofx-q2-2021-shareholder-letter) Current Market Environment Transitory. Anyone following the markets during the second quarter heard the word bandied about ad nauseam, and the question of whether inflation would... ![](https://blog.longshortadvisors.com/hs-fs/hubfs/image%20(3).png?width=355&name=image%20(3).png) #### [LSOFX Q1 2021 Shareholder Letter](https://blog.longshortadvisors.com/news-insights/lsofx-q1-2021-shareholder-letter) [April 29, 2021](https://blog.longshortadvisors.com/news-insights/lsofx-q1-2021-shareholder-letter) Current Market Environment The new year began with the Georgia Senate runoff which saw both seats going to Democrats, thereby giving the Dems an effective majority in the Senate.... ![](https://blog.longshortadvisors.com/hs-fs/hubfs/lsa.jpg?width=355&name=lsa.jpg) #### [LSOFX Q4 2020 Shareholder Letter](https://blog.longshortadvisors.com/news-insights/lsofx-q4-2020-shareholder-letter) [February 03, 2021](https://blog.longshortadvisors.com/news-insights/lsofx-q4-2020-shareholder-letter) First and foremost, we hope this writing finds you and your families healthy. It’s been a long twelve months and no one could be criticized for being happy to see the end of 2020.... [Previous](https://blog.longshortadvisors.com/news-insights/tag/shareholder-letter/page/1) [All posts](https://blog.longshortadvisors.com/news-insights/all) [Next](https://blog.longshortadvisors.com/news-insights/tag/shareholder-letter/page/3) ##### Recent News & Insights [![](https://blog.longshortadvisors.com/hubfs/Q3%202025%20Shareholder%20Letter.jpg) ](https://blog.longshortadvisors.com/news-insights/lsofx-q3-2025-shareholder-letter) ###### [LSOFX Q3 2025 Shareholder Letter](https://blog.longshortadvisors.com/news-insights/lsofx-q3-2025-shareholder-letter) [October 24, 2025](https://blog.longshortadvisors.com/news-insights/lsofx-q3-2025-shareholder-letter) [![](https://blog.longshortadvisors.com/hubfs/Bank%20M%26A%20Could%20Be%20Poised%20For%20a%20Comeback-1.jpg) ](https://blog.longshortadvisors.com/news-insights/bank-ma-could-be-poised-for-a-comeback) ###### [Portfolio Manager Insights: Bank M&A Could Be Poised For a Comeback](https://blog.longshortadvisors.com/news-insights/bank-ma-could-be-poised-for-a-comeback) [August 28, 2025](https://blog.longshortadvisors.com/news-insights/bank-ma-could-be-poised-for-a-comeback) [![](https://blog.longshortadvisors.com/hubfs/Q2%202025%20shareholder%20letter.jpg) ](https://blog.longshortadvisors.com/news-insights/lsofx-q2-2025-shareholder-letter) ###### [LSOFX Q2 2025 Shareholder Letter](https://blog.longshortadvisors.com/news-insights/lsofx-q2-2025-shareholder-letter) [July 16, 2025](https://blog.longshortadvisors.com/news-insights/lsofx-q2-2025-shareholder-letter) ##### LSOFX Quick Links [![        Fact Sheet         ](https://no-cache.hubspot.com/cta/default/4808633/5943a65a-b946-4960-bd47-2e271aa9759a.png)](https://cta-redirect.hubspot.com/cta/redirect/4808633/5943a65a-b946-4960-bd47-2e271aa9759a) [![Presentation](https://no-cache.hubspot.com/cta/default/4808633/2053dcc5-4dde-46af-aebf-e389c1c850a7.png)](https://cta-redirect.hubspot.com/cta/redirect/4808633/2053dcc5-4dde-46af-aebf-e389c1c850a7) ### SUBSCRIBE FOR UPDATES ![Long Short Advisors](https://blog.longshortadvisors.com/hubfs/LongShortAdvisors_December2019/images/Long-Short-Advisors-Logo-WHITE-e1573843783571.png) 3330 Fairchild Gardens Avenue Suite 30428 Palm Beach Gardens, FL 33410 [info@longshortadvisors.com](mailto:info@longshortadvisors.com) [215.399.9409](tel:2153999409) ### SUBSCRIBE FOR UPDATES **You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing.  You may obtain a current copy of the Fund's prospectus by calling (877) 336-6763.  ** Investment in shares of a long/short equity fund have the potential for significant risk and volatility.  A short equity strategy can diminish returns in a rising market as well as having the potential for unlimited losses. These types of funds typically have a high portfolio turnover that could increase transaction costs and cause short-term capital gains to be realized. The Fund may lose money due to fluctuations within the stock market which may be unrelated to individual issuers and could not have been predicted. The price of the securities which the Fund holds may change unpredictably and due to local, regional, international, or global events.  In the case of a general market downturn, multiple asset classes, or the entire market, may be negatively affected for an extended and unknown amount of time.   Past performance is no guarantee of future results. Diversification cannot ensure a profit or protect against loss in a declining market. It is a strategy used to help mitigate risk Distributed by Ultimus Fund Distributors, LLC. Member [FINRA](https://www.finra.org/#/) Long Short Advisors is registered as an investment adviser with the Securities and Exchange Commission. There is no affiliation between Ultimus Fund Distributors, LLC, Long Short Advisors, and the other firms referenced on this website.