Logica Capital comment for the month ended December 31, 2022.


In what ended up being the worst calendar year return for the S&P 500 since 2008, 2022 (and December 2022) presented a consistent theme: the S&P 500 and other indexes declined significantly, but without the expected increase in the VIX/implied volatility. Also to note: stocks and Bind showed a historically unusual relationship, both crashed into each other in extreme ways.

Q4 2022 hedge fund letters, conferences and more