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Dear fellow investors,

There will be a before and an after.

Each of us now has loved ones affected by this health crisis, and we are thinking about all our clients and partners as well as their families.

I would like to reassure you that none of the team have tested positive for Covid-19 to date. All of the BDL Capital Management staff are working from home except Bastien Bernus, our co-manager, who visits the office on Rue du Rocher every day. We are grateful to him. Our traders have set their workstations up at home and all of them are doing just as well as they would in the office. I would like to take my hat off to all of the team looking after our IT infrastructure and applications. Firstly, for their energy in setting everything up last Monday, but above all for having built such a solid IT system for our company to use. We are all operational and ready to face a difficult and extremely uncertain period.

We would remind you that a large portion of the BDL team’s savings is invested alongside yours in our funds, and that the whole team is doing everything it can to ensure that the decisions made at this stage are in all of our interests.
Last week, the strong relations that we have developed with companies over the years gave us better access to CFOs, ...

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