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 -... Read More

Banks that have been financially “resolved” after facing failure nonetheless have high credit risk under certain methods of analysis. In the wake of the 2008 financial crisis, regulators have... Read More

Yuan reserves signalling trouble ahead? China’s foreign currency reserves fell by US$41 billion in December, a move that typically reduces the value of China's yuan. The currency reserve drop was... Read More

While assets under management increased by over $360B during 2013, the hedge fund industry was unable to outperform the gains racked up by the major equity indices. However, this did... Read More

Perhaps the terrorist organization to most successfully use intimidation to scare opponents into submission, Islamic State in Iraq and Syria, known as ISIS, now has “low-grade” nuclear material that... Read More

With market risks from the French election having lessened, don’t dismiss the concept that inflation might come roaring back. The economy is strong, even as “Trump trades have fizzled... Read More

Goodwill impairments are never good news. They are admissions by management that investments haven’t panned out and projects have gone awry, but that doesn’t mean the market punishes companies... Read More

Populism is not well understood because, over the past several decades, it has been infrequent in emerging countries (e.g., Chávez’s Venezuela, Duterte’s Philippines, etc.) and virtually nonexistent in developed... Read More

There are two primary advantages individual investors have compared to institutional asset managers. These are the ability to take a longer-term perspective and the capacity to say no. Q3 2020... Read More

Jeff Bezos, Chairman and CEO of Amazon, was the featured speaker at the April 20, 2018 Closing Conversation of the George W. Bush Presidential Center’s Forum on Leadership, in... Read More