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Logica Capital April 2020 Commentary: Apparently VIX Fell Victim to CoV-19

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Jacob Wolinsky
Published on
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Logica Capital commentary for the month ended April 30, 2020.

Q1 2020 hedge fund letters, conferences and more

Logica Absolute Return - Up/Down Convexity - No Correlation

Logica Tail Risk - Max Downside Convexity - Negative Correlation

April 2020 Performance

  • Logica Absolute Return +0.63%
  • Logica Tail Risk -0.72%
  • S&P 500 +12.70%
  • VIX -29.39 pts

Year To Date Performance

  • Logica Absolute Return +21.61%
  • Logica Tail Risk +27.76%
  • S&P 500 -9.22%

"See the thing is, you guys look at me and see the backwards hat, the gray socks, the funky outfit and you say, "Now this guy's a chump"... what you don't realize is it ain't easy, it's hard work making something this pretty look like a chump." - Billy Hoyle, White Men Can't Jump (1992)

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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 covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.