Odey's Brook Absolute Return Fund was up 10.25% for the third quarter, smashing the MSCI World's total return of 2.47% in sterling. In his third-quarter letter to investors, which was reviewed by ValueWalk, James Hanbury said the quarter's macro environment was not ideal for Brook Asset Management. Despite that, they saw positive contributions and alpha from both their long and short books.
Q3 2021 hedge fund letters, conferences and more
Brook is an Odey fund that has been rebranded. Odey recently closed its Odyssey fund because of its size, although manager Tim Bond is remaining with Odey.
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Brook's long book generated a return...
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