Charming Crispin's firm has just taken out a short bet against AMC Entertainment Holdings, the meme stock driven to astronomical highs by the Wallstreetbets retail punter crowd.
Well, it isn't the famous Brexiteer himself taking the short position but rather his colleague, James Hanbury, one of the fund managers at Odey Asset Management. Below is the the link to the FT piece on the move...
So farewell Crispin Odey, who is stepping down from the eponymous investment firm he founded almost three decades ago.
That seemed to be the line most of the national press focused on when it was announced earlier this week. And I guess it's not too surprising given the somewhat erractic performance of his Odey European Fund over the last decade and other, erm, issues...
Charming Crispin Odey told a former Telegraph colleague, Katherine Griffiths of The Times, yesterday that he now plans to sue the German regulator for introducing a short selling ban on Wirecard last year. Below is the link to Katherine's excellent piece:..
I thought I would let the venerable Financial Times bathe in the glory of its Wirecard investigation for a few days before publishing this post.
I have to admit the FT's series of articles on Wirecard is one of the finest pieces of financial journalism I have witnessed since I began my career on The Daily Telegraph's City desk all those years ago...
Intrepid hack Tom "Tommy" Teodorczuk has discovered Crispin Odey's flagship fund is down 9.5pc in April following the stockmarket rally over the month. Below is a link to Tom's piece in Financial News:
Was anybody aware that Sir Paul Marshall, one of Britain's most sucessful hedge fund managers, had written a book?
Well, Betaville certainly wasn't until intreprid hack Tom Teodorczuk at Financial News discovered the founder Marshall Wace, which manages about £40 billion, published the book a few weeks ago. Below is a link to Tom's scoop:..
Ping! HSBC's HedgeWeekly publication arrives with the performance figures of Europe's best and worst performing hedge funds.
Now, given Crispin Odey has been a big bear since 2015 and this weekend the old buffer told Betaville he had made £115 million in March you might expect his flagship fund to be the best performer...
Loyal readers might have noticed an interview piece with Crispin Odey written by yours truly in this weekend's Mail on Sunday. Well, below is a link in case you missed it:
So, according to Bloomberg, Crispin Odey's uber-bearishly positioned fund is already up by 20pc this month.
Now, it would be easy to take pop at the old cassandra for shorting the market into a public health crisis but the thing is he has been directionally short for the last four years and, as a result, suffered excruciating losses over the last five years...
When I interviewed Crispin Odey last month the old buffer said it was "highly probable" the FTSE 100 could end up at the 5000 level by the end of the year (I did have to ask him that question). Below is the link:..