Fund Performance - Prosper Stars & Stripes achieved a net return of +9.8% in Q3 2025, outperforming its long/short equity hedge fund peer group, which reported a total return of +3.8% [1] - Year-to-date, the fund returned +8.6%, compared to +13.6% for the HFRI and +10.4% for the Russell 2000 Index [1] - The fund's long book performed strongly, while the short book detracted from overall performance in both Q3 and year-to-date 2025 [1] Company Highlight: Agilysys, Inc. - Agilysys, Inc. (NASDAQ:AGYS) is noted for its software solutions and services in the hospitality industry, with a market capitalization of $3.525 billion [2] - The stock experienced a one-month return of -3.03% and a 52-week decline of 6.11% [2] Competitive Position and Growth Potential of Agilysys - Agilysys is viewed as having a favorable competitive position with significant market opportunities, managing about 300,000 rooms in a market of over five million [3] - The company has achieved seven consecutive quarters of subscription revenue growth exceeding 30% [3] - Management raised FY26 subscription guidance from 27% to 29%, excluding a significant contract with Marriott expected to add over 400,000 rooms [3] - This deal could potentially contribute $130 million to subscription revenue, nearly doubling the current base, with margins expected to expand by approximately 1,500 basis points [3] - Projections indicate Agilysys could earn $4.75 per share in the coming years, with a price target of around $160 per share [3]

Core Viewpoint - Agilysys, Inc. is set to release its fiscal 2026 second quarter results on October 27, 2025, after market close, and will host a conference call following the announcement [1] Company Overview - Agilysys, Inc. is a leading global provider of hospitality software solutions, focusing on enhancing capabilities beyond traditional property management systems (PMS), point-of-sale (POS) solutions, and food-and-beverage inventory and procurement (F&B I&P) systems [1]