Odey Fund Adds 5% In Q1, Sees Value In These UK Stocks [Exclusive]

The LF Brook Absolute Return Fund returned 4.46% net of fees during the first quarter of 2022, marginally underperforming its benchmark, the MSCI Daily TR Net World Index, which added 4.82%. The $1 billion strategy has returned 12.8% per annum since inception at the beginning of May 2009, according to a copy of the fund’s first-quarter investor update ValueWalk has been able to review. Writing in the update, the Absolute Return Fund’s portfolio managers, James Hanbury and Jamie Grimston, say that while benchmark indexes recorded a positive return during the first three months of the year, there were “plenty of…