What is the sentiment of this news? Please choose an answer from {strong negative/moderately negative/mildly negative/neutral/mildly positive/moderately positive/strong positive}.

Polen Capital is a global investment management firm that controls over $80 billion in assets. The company recently published its first-quarter investor letter, in which it notes that in the first quarter of 2022, its Composite Portfolio returned lost 13.39% net of fees, losing the battle against.
moderately negative