Odey Falls -2.5% In Q2, Bets On Economic Recovery

The LF Brook Absolute Return Fund lost -2.52% in the second quarter of 2021, compared to a positive performance of 7.59% for its benchmark, the MSCI Daily TR Net World Index. Year-to-date the fund has returned 4.6% compared to 11.9% for its benchmark. Q2 2021 hedge fund letters, conferences and more According to a copy of the fund’s June investor update, which ValueWalk has been able to review, the long book contributed +7.09% with a negative alpha of -1.55%, and the short book lost -8.03% with a negative alpha of -3.21%. Managed by portfolio managers James Hanbury and Jamie Grimston,…