Bonhoeffer Fund April 2020 Performance Update

The Bonhoeffer Fund returned 12.9% net of fees in April, bringing the year-to-date return to -25.2%. [dalio] Q1 2020 hedge fund letters, conferences and more In addition to sharing the Bonhoeffer Fund’s April performance update, I wanted to share a note from Keith given the rebound in the market. Fellow investors: The COVID-19 pandemic and the government shut-down response is revealing the strengths of various business models. For the most part, this is reflected in the stock prices of the affected firms. The next stage of this crisis is to determine when or if affected firms can emerge from this…