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