Delbrook Thinks Uranium Miners Could Disappoint

The uranium LP returned 6.5% in March, according to a copy of the firm's monthly investor update, which ValueWalk has been able to review.

Q1 2021 hedge fund letters, conferences and more

After this performance, the fund has returned 13.1% for the first three months of 2021 as a whole.

This double-digit positive performance builds on the fund's substantial gains in 2020. Last year, Delbrook Resource Opportunities added 129%. It returned 46% in 2019. Its Sharpe ratio since inception is 2.6.

M&A drives returns in 2021

According to the update, Delbrook has benefitted from the accelerating M&A environment this year. The fund held positions...