This Odey Fund Is Tapping Multiple Dislocations Around The Energy Crisis And Winning Big [Exclusive]

Odey's Special Situations Fund generated a commanding return of 7.7% for August, bringing its year-to-date return to -4.4% as it jockeyed for position in multiple energy stocks. Portfolio manager Adrian Courtenay outlined their new energy positions, some of which contributed significantly to the fund's August return.

Adjusting Energy Positions

In his August letter to investors, Courtenay reported significant adjustments to their holdings in the energy sector. The Odey team broadened their allocations to certain natural gas stocks, oil refiners and oil extraction companies while moderating their exposures to coal stocks, increasing their balancing to energy.

Q2 2022 hedge fund letters, conferences and more

They scaled the fund's allocations to IGas Energy,...