Forgotten $1.8m cash fortune ‘worthless’
1 Oct 17
The aim of the CF Odey Absolute Return Fund is to achieve a positive absolute return over the course of the year “independent of market conditions”. However, the £770.35m fund has underperformed against it sector average over the past 12 months, returning -10.2% against the IA Targeted Absolute Return sector average of 1.9%. Despite a difficult year, the fund remains a favourite with fund buyers on the Sharing Alpha site.
