Odey’s Adrian Courtenay Explains Why Merger Arbitrage Is Such A Good Strategy

The Odey Special Situations Fund was up 2.49% for August, in line with the MSCI World USD Index, which also returned 2.49%. Year to date, the fund is up 3.4%, although it's underperforming the index, which is up 17.94% year to date.

Q2 2021 hedge fund letters, conferences and more

Moving Forward

The Odey team believes the fund will see improving returns throughout the rest of the year. In his August letter to investors, which was reviewed by ValueWalk, Adrian Courtenay said over the last six months, they have decided to increase their analysis of every position. They reduced the number of positions in the portfolio to be...