Eschler Recovery Fund 1Q20 Commentary

Jacob Wolinsky

Published onApril 11, 2020

Eschler Recovery Fund commentary for the first quarter ended March 31, 2020.

Table of Contents

Q1 2020 hedge fund letters, conferences and more

Dear Partners,

Eschler Recovery Fund fell 24.7% in Q1 2020, net of fees and expenses, as global equity markets abruptly priced in a sharp recession catalysed by measures to contain a metastasizing health crisis. At quarter-end, the S&P 500 had fallen by 20% (recovering somewhat from -33.9% peak-to-trough) and the Russell 2000 by 30.6%. Small-cap value indices more representative of the Fund’s universe, such as the Russell 2000 Value Index, fell by over 35%. The median US stock (Value Line Geometric Index) fell 35.8%.

To be sure, we are in unchartered territory. Billions of people are currently quarantined at home. Tens...

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Jacob Wolinsky

Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid

Eschler Recovery Fund 1Q20 Commentary

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