Logos LP 1Q20 Commentary: Down 1.6% Vs TSX Of -13.7% Return

Logos LP commentary for the first quarter ended March 31, 2020.

“Nature does not hurry, yet everything is accomplished.” - Lao Tzu

The following table represents Logos LP’s YTD return1 compared to a basket of relevant indexes. The price per unit as of April 17th, 2020 is $28.67 compared to $29.12 as of December 31st, 2019:

It is no secret that markets rolled over this past quarter from the COVID-19 shutdown creating what looks to be the deepest recession since 2008-09. Over 17 million North Americans are now unemployed (a 35 sigma event) and businesses of all sizes have grinded to a halt in a matter of weeks. As a result,...