Logica Capital commentary for the month of March 31, 2022. Logica Absolute Return (LAR) – Upside/Downside Convexity – No Correlation Tactical/dynamic balanced Put/Call allocation – StraddleLogica Tail Risk (LTR) – Max Downside Convexity – Strong Negative Correlation Tactical/dynamic downside tilted Put/Call allocation – Ratio StraddleQ1 2022 hedge fund letters, conferences and more SummaryWith early/mid-month fireworks to the downside and threats of a lower low, we continued to observe a muted reaction from implied volatility as compared with other crisis environments. Following that sell-off,…