Odey’s Brook Fund Posted A Commanding Q3 Return On Long And Short Sides [EXCLUSIVE]

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Michelle deBoer-Jones
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Odey’s Brook Absolute Return Fund was up 10.25% for the third quarter, smashing the MSCI World’s total return of 2.47% in sterling. In his third-quarter letter to investors, which was reviewed by ValueWalk, James Hanbury said the quarter’s macro environment was not ideal for Brook Asset Management. Despite that, they saw positive contributions and alpha from both their long and short books. Q3 2021 hedge fund letters, conferences and more Brook is an Odey fund that has been rebranded. Odey recently closed its Odyssey fund because of its size, although manager Tim Bond is remaining with Odey. Top Long Contributor…

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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.