Odey Fund Manager Presents Thesis For Noront Resources

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Michelle deBoer-Jones
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The Odey Special Situations Fund was down 1.9% for July, compared to its benchmark, the MSCI World USD Index, which was up 1.79%. Year to date, Odey’s fund is up 0.9%. Q2 2021 hedge fund letters, conferences and more In his July letter to investors, which was reviewed by ValueWalk, Adrian Courtenay said the year-to-date return is disappointing. However, they have made progress in optimizing their existing positioning, identifying new opportunities and developing risk management. He believes investors will be rewarded for their patience later this year. Biggest contributors and detractors In July, the big detractor was the fund’s arbitrage…

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.