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:
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:..
It's seems Betaville was being a bit harsh in my last post on the charming old buffer when I wrote his fund was on course to finish as one of the worst performing European hedge funds of 2019. Below is the link to that article:
https://www.www.betaville.co.uk/news/is-the-tide-turning-for-odey-the-brexiteer-the-ser/..
Yes! - seems to be the definitive answer to the question posited in the headline of this near 40 part series of stories.
In part, that's because Crispin's flagship Odey European fund finished the year top of the HSBC rankings with a gain of over 50pc.
Also, the charasmatic hedgie's "bear" thesis appears to now be playing out in world markets although not quite yet in its entirety of predicted doom...
There is more good news for Crispin Odey in the latest HSBC hedge fund index rankings.
Odey's flaghsip fund is up almost 26pc year to date and currently tops the HSBC leaderboard for the best performing European hedge funds.
That's quite the turnaround for the contrarian hedgie, who Betaville understands has been holidaying in Provence, the South of France over the last few weeks...
Ping! A marketing document arrives from Odey Wealth, which as far as I can work out is the private client division for charming Crispin's hedge fund group.
Anyway, the letter is entitled: "The Tide is Turning". Does that ring any bells?
It goes on to say:..
I see Crispin Odey is claiming the introduction of Mifid II regulations in early 2018 combined with US Federal Reserve selling assets bought via Quantitative Easing will trigger a market rout (see below).
Once again it would appear reports of a turnaround at Crispin Odey's fund might have been a tad premature.
The HSBC hedge fund performance index just hit Betaville's inbox and it shows that, perhaps, the August "revival" at Crispin's flagship Odey European Fund was just a blip.
Indeed, the Odey European Fund is back on the HSBC top 20 loserboard, showing a decline of 14pc in 2017 by the middle of this month...
Brexit-supporting Crispin Odey might think that Betaville has got it in for him as this website has run a 20-part series highlighting the veteran hedgie's travails with his flagship Odey European Fund...
The Wall Street Journal reports that Crispin's letter to investors show his flagship long/short European Fund is down 10pc for July. Below is the link the WSJ piece:
https://www.wsj.com/articles/hedge-fund-managers-bearish-bets-backfire-again-1502111864..