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Russian invasion of Ukraine sees Hanbury hedge fund lose 12.6 per cent in one week

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Russia’s invasion of neighbouring Ukraine and the ensuing market turmoil has hit Brook Asset Management – a division of Odey Asset Management – hard, with the hedge fund down 12.6 per cent over the past week, according to a report by Bloomberg.

Data compiled by Bloomberg and an investment data document reveal the loss to be one of the biggest since manager James Hanbury’s LF Brook Absolute Return Fund first began trading over ten years ago, and is in stark contrast to the 10 per cent annual gain chalked up last year, with the fund now down 2.3 per cent so far in 2022.

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