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Odey Special Situations Buys Distell Ahead Of Bidding War

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Rupert Hargreaves
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Odey Asset Management's Odey Special Situations Fund returned -1.5% in May, compared with the fund's benchmark, the MSCI World USD Index, which returned +1.6%.

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Following this performance, the fund, which Odey AM's Adrian Courtenay manages, is up 7.9% year-to-date.

The Odey Special Situations fund was founded in October 2019 as part of Odey AM's expansion strategy to offer more opportunities to clients. Courtenay joined the group in 2016. Prior to that, he was a Vice President in the Special Situations Group at D.E. Shaw. Adrian.

He is also a recognized speaker at Sohn investment conferences.

Since its inception, the Special Situations Fund has returned...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha