This mining and metals fund is having a strong year so far

The Delbrook Resources Opportunities Master Fund was up 9.2% for May, bringing its year-to-date return to 33%.

Q1 2021 hedge fund letters, conferences and more

Dellbrook is an equity long/ short fund that focuses exclusively on the metals and mining sector. It invests mainly in public companies focused on precious, base, energy and industrial metals production and exploration. Delbrook also looks for firms poised to benefit from or be disrupted by charging structural and macroeconomic factors like electric vehicles and the M&A boom.

Most of the May performance came from the fund's event-driven and thematic long positions. In his May email to investors, which was...