Odey’s Special Situations Fund is betting on a 3-way bidding war

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Michelle deBoer-Jones
Published on
Updated on
Crispin Odey

The Odey Special Situations Fund was up 4.2% in February, outperforming its benchmark. The MSCI World USD Index was up 2.6% for the month. In his February letter to investors, which was reviewed by ValueWalk, Adrian Courtenay said the fund remains fairly defensively positioned because its merger arbitrage book, which mostly consists of what they consider “cash-like” risk, is the largest exposure at 175% of net asset value. The fund’s long/ short book is only 53% of net asset value. Q4 2020 hedge fund letters, conferences and more Biggest contributors and positions Top contributors to the Odey fund’s February performance…

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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.