Odey Special Situations

Investment Objective

The fund is global equity opportunities UCITS hedge fund with an M&A transaction-focused approach. The strategy targets uncorrelated, annualised double digit returns and seeks to generate positive returns on a rolling 12m basis.

Latest Meeting Note

Conference Call 18 Jan 2021

The fund is managed by Adrian Courtenay (Formerly Vice President in the Special Situations group at D. E. Shaw) and blends hard-catalyst merger arbitrage situations with softer catalyst equity long/short positions, often with a special s... Read more

The fund is managed by Adrian Courtenay (Formerly Vice President in the Special Situations group at D. E. Shaw) and blends hard-catalyst merger arbitrage situations with softer catalyst equity long/short positions, often with a special situation angle. The mandate is return seeking in nature (targetting double digits), reflected in position sizing which can be aggressive where the PM identified asymmetric opportunities. To protect the portoflio from 'macro' shocks the fund employs an index put strategy alongside position-level hedges.    

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2020 0.3 0.8 0.1 0.6 0.6 0.3 1.0 0.1 0.8 0.4 0.9 0.4 0.2
2019 0.8 0.2 0.4 0.2 0.2 0.8 0.6 0.8 0.8 0.4 0.5 1.0 0.4

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