As Other Funds Struggle Odey Surges Ahead As He Boasts Only His Fund Offers True DiversificationRupert Hargreaves
November was a difficult month for most hedge funds. As stock markets around the world slumped, funds struggled in the adverse environment. Overall, hedge funds posted declines for November, with the HFRX Absolute Return Index and the HFRX Global Hedge Fund Index declining -0.41% and -0.62%, respectively.
The Barclay Hedge Fund Index, which covers 2,777 funds across the $3 trillion hedge fund universe, is down 2.48% for the year to the end of November.
If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks.
Crispin Odey's Odey European Inc. is one of the few funds bucking this trend. The Odey International Fund, which acts as a feeder fund for the Odey Swan Fund, a UCITS vehicle that is modeled on Odey’s flagship and longest-running strategy, Odey European Inc, added 0.41% in November, according to documents seen by ValueWalk.
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible