Odey’s Special Situations Fund Strives For Noncorrelated Returns

Odey’s Special Situations Fund was up 1.6% for December, bringing its full-year return for 2021 to 24.4%. The fund has enjoyed a compound annual growth rate of 35% since its inception in October 2019. Q4 2021 hedge fund letters, conferences and more The Special Situation Fund’s benchmark, the MSCI World USD Index, returned 4.3% for December and 21.8% for 2021. Absolute Hedge ranked the Odey Special Situations Fund at number 10 of the almost 600 UCITS funds in its database for 2021. Progress Against The Benchmark In his December letter to investors, which was obtained by ValueWalk, portfolio manager Adrian…