This Odey Fund’s Six Biggest Longs Were Its Worst-Performing Positions In 2021

Odey’s LF Brook Absolute Return Fund was down 4.6% for the fourth quarter, bringing its full-year performance to 9.9% for 2021. The fund, managed by James Hanbury and Jamie Grimston, has enjoyed a 12.9% compound annual growth rate since inception in May 2009. Q4 2021 hedge fund letters, conferences and more Another Strong Year For The World’s Stock Markets In his December letter to investors, which was obtained by ValueWalk, Hanbury noted that the MSCI World Index returned 7.27% for the fourth quarter and 22.95% for 2021, illustrating another robust year for global equities. The fiscal and monetary stimulus had…