Eschler Recovery Fund 3Q20 Commentary
Eschler Recovery Fund commentary for the third quarter ended September 30, 2020.Q2 2020 hedge fund letters, conferences and moreDear Partners,Eschler Recovery Fund's PerformanceThanks to a strong Q3 2020 return of 12.2% (B USD share class), net assets per share have appreciated by 92% since inception eight years ago. The Eschler Recovery Fund’s result suggests that a hedged value approach applied to smaller companies can still deliver in spite of recent headwinds for the category, if applied with creativity, conviction and the valuable support of patient capital.Above I have compared the Fund’...