Odey’s Special Situations Fund Protected Capital And Refocused On Macro Factors [Exclusive]

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Michelle deBoer-Jones
Published on
Crispin Odey

Odey’s Special Situations Fund declined 3.1% for April, bringing its year-to-date performance to -0.16%. The fund’s benchmark, the MSCI World USD Index, was down 8.31% for April, bringing its return for the first four months of the year to -13.03%. Odey’s Special Situations Fund has recorded a 29.8% compounded annual growth rate since its inception in October 2019. The Importance Of Macro Factors The fund aims to protect wealth when the market declines, and its April and first-quarter performances demonstrate the success of its strategy. However, in his April letter to investors, which was obtained by ValueWalk, Adrian Courtenay also…

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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.