Hedge Funds

Fund profile: Odey remains at the top despite slipping up in August

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Absolute UCITS editor Joy Dunbar speaks to James Hanbury from Odey Asset Management about his award-winning and deliberately volatile UK-focused fund

Odey Asset Management’s UCITS fund is one of the best performing funds so far this year – despite being one of the worst performing funds in August.

The institutional share class of the CF Odey UK Absolute Return Fund was down 10.94% in August - a month defined by dramatically declining equity markets as a result of fears that the European sovereign debt would spread and the downgrading of America’s triple-A credit rating.

James Hanbury from Odey Asset Management

The fund has returned more than 6% year-to-date to October 2011, and is the third best