Odey’s Special Situations Fund highlights Formula One and Shaw

The Odey Special Situations Fund was down 0.27% for April, compared to its benchmark, the MSCI World USD Index, which was up 4.65%. For the first four months of the year, the fund is up 8.4%, while its benchmark returned 9.8%. Q1 2021 hedge fund letters, conferences and more The Odey Special Situations Fund is managed by Adrian Courtenay, and it aims for “an advantaged approach the deploys both arbitrage and long/ short capital around M&A transactional events.” The fund also aims for consistent 12-month rolling absolute returns in the double digits. Robust arbitrage results In his April letter to…