The Odey Special Situations Fund was down 0.27% for April, compared to its benchmark, the MSCI World USD Index, which was up 4.65%. For the first four months of the year, the fund is up 8.4%, while its benchmark returned 9.8%.
Q1 2021 hedge fund letters, conferences and more
The Odey Special Situations Fund is managed by Adrian Courtenay, and it aims for "an advantaged approach the deploys both arbitrage and long/ short capital around M&A transactional events." The fund also aims for consistent 12-month rolling absolute returns in the double digits.
Robust arbitrage results
In his April letter to investors, which was reviewed by ValueWalk, Courtenay said the fund's small...
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