Newsletter January 2020
February 24, 2020
Legends Fund gained 0.41% in January. The reference HFRX Global Hedge Fund Index was down 0.07% for the month. In a month with equity and credit markets ending in the red, most of our underlying managers produced positive results. The one meaningful loss was suffered by Andurand Capital whose positions in energy markets took a hit as the Corona-outbreak had a large negative impact on oil prices.