A man who died when a yacht capsized off the south Devon coast has been named as 27-year-old Jamie Butcher from Mildenhall in Suffolk.
Four crew members were rescued from a life raft after the Hooligan 5 sank at Prawle Point near Salcombe.
The Marine Accident Investigation Branch (MAIB) is investigating the cause of the accident on Saturday.
The yacht has been located and a salvage vessel will attempt to tow it back to Plymouth later.
An air and sea rescue operation was launched after a distress flare was spotted by a merchant ship.
Two RNLI lifeboats, Sea King rescue helicopters, Royal Fleet Auxiliary vessels Wave Knight and Wave Ruler, and HMS Portland were involved in the rescue of the crew from the Solent-registered yacht.
The four survivors were airlifted to hospital in Plymouth suffering from slight hypothermia.
Mr Butcher's body was found later by the Salcombe lifeboat.
The MAIB is investigating reports the boat may have hit an underwater obstruction and capsized after losing its keel.