Madison Investments Q1 2020 Investor Letter

Madison Investments, an independently-owned investment firm, recently published its first-quarter Madison Investors Fund commentary – a copy of which can be downloaded below. During the first quarter of 2020, the Madison Investors Fund returned -20.53%, while the benchmark S&P 500 was down 19.6%.

You can download a copy of Madison Investments latest investor letter below:

Madison Investments Q1 2020 Investor Letter.