Odey Cub Recovers In June With Euro Stoxx 50, Russell E-Mini 2000, Nasdaq Inc Shorts

Odey “cub” Giano Capital returned 3.6% for June, bringing its year-to-date performance to 4.3% after a challenging May return of -5.7%. The fund has enjoyed a compound annual growth rate of 8.4% since inception. Giano Capital aims for long-term capital appreciation by investing primarily in European securities, although it also invests outside Europe. The fund utilizes a concentrated long/ short equity strategy through quantitative and qualitative analysis. Giano typically holds 30 to 50 positions with a high concentration in the top 10 positions. Q2 2022 hedge fund letters, conferences and more Recession Looks Likely In his June note to investors,…