The Upside: Lombard Odier soars in special situations
By Simone Foxman
Thu Apr 17, 2014
Gary Lehrman’s standalone special situations fund is on a roll in 2014. The Upside, a new monthly feature, will highlight one exceptional fund in the Absolute Return database.
The 1798 U.S. Special Situations Master Fund, managed by
Lombard Odier Asset Management (USA) Corp, generated a return
of 12.53% in the first three months of the year, making it one
of the strongest performers across various strategies listed in
the Absolute Return database. The fund invests across
asset classes in stressed and distressed North American
companies that face a near- to medium-term catalyst. Distressed
has outperformed other strategies so far this year, with the Absolute Return Distressed Index rising 4.4%.
"The current environment of low rates, shareholder friendly
boards and steady, albeit slow, global growth is very conducive
to our strategy," Chris Hannon, the head of U.S. marketing and
ISSN: 2151-1845 / CDC10004H
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