Logica Capital Up 21% YTD; March 2020 Commentary “Is It Different This Time?”

Logica Capital commentary for the month of March 2020, titled, “Is It Different This Time?” Q1 2020 hedge fund letters, conferences and more Logica Absolute Return – Up/Down Convexity – No Correlation Logica Tail Risk – Max Downside Convexity – Negative Correlation March 2020 Performance Logica Absolute Return +8.58% Logica Tail Risk +13.23% S&P 500 -12.49% Year To Date Performance Logica Absolute Return +20.84% Logica Tail Risk +28.69% S&P 500 -19.45% “ A great book seeks to explain causality, not correlation. It works to point out the circumstances in which it works, and where it doesn’t. And in so doing,…