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

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…