Crispin Odey Addresses ‘Bloody’ April Losses Of 20%

Earlier this month we reported that Odey Asset Management was down by 20% in April due to its log USD/ short AUD trade, and now that the April letter is out Odey is reporting 27.8% losses for the USD class of its Master Fund, 23 percentage points attributed to forex positions, stately simply that ‘April was bloody’. Fund manager Crispin Odey is still convinced that obsolete operating assets and the debts attached to them will have to be written off, but he is no longer willing to bet . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible

Subscribe to our mailing list

* indicates required

Opt of of ocassional 3rd party offers

Congrats! We have a limited time offer for loyal readers like yourself.

Sign up today and get three months free if you select yearly subscription

Use coupon code 3monthsfreeconfidential at checkout

Limited time offer only expires 3/31/2019 or next 30 subscribers whichever comes first – please do not share this discount with others