Odey’s European Fund Was In The Red For Q2 As It Rebalances Energy Positioning [Exclusive]

Brook Asset Management's Continental European Fund was down 7.2% for the second quarter, bringing its year-to-date return to -3%. Most of that second-quarter loss came in June when the fund posted a return of -10.8%.

The Brook fund returned -3.4% for April and 7.7% for May. However, it is outperforming its benchmark, as the MSCI Daily Total Return Net Europe Ex U.K. was down 8.68% in sterling terms for the quarter, bringing its year-to-date return to -15.4%.

Q2 2022 hedge fund letters, conferences and more

Brook's Continental European Fund has returned 1,229.1% since its inception for a compound annual growth rate of 10%. Meanwhile, the benchmark index has returned 836%...