Logica Capital Survived January — But Its Portfolio Managers Are Worried

Hedge fund veterans Wayne Himelsein and Michael Green warn of an “increasingly fragile and illiquid market” caused by the growth of passive investing.

Paul Hanna/Bloomberg)

Paul Hanna/Bloomberg)

Logica Capital, a hedge fund firm which has become known for its research on the outsize role of passive investing in today’s markets, managed to sidestep January’s market chaos with its option-based quantitative strategies.

The Logica Absolute Return Fund, which launched in 2020, gained 0.54

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