After Losing 50% In 2016, Odey Muses The Economic Cycle "Has become Old But like King Lear, Not Wise”

Even though by now most of the investment world knows that Crispin Odey had the worst year in his entire history as a hedge fund manager during 2016, the exact scale and root of his losses have not yet been revealed, until now.

Also see
This Hedge Fund Is Even More Volatile Than Odey
In the OEI MAC fourth quarter and full year letter to investors, a copy of which has been reviewed by ValueWalk, the real devastation of 2016 on Odey’s funds and reputation is revealed.
Even After Losing 50% In 2016, Odey Is Still Outperforming
Up until mid-2014, Crispin Odey was one of the best performing hedge fund managers around. Between 21 February 1994 and mid-2014 his OEI MAC fund produced a total return of over 1400% net eclipsing all comparable benchmarks, but now after losing a staggering 49% during 2016 the OEI MAC’s total return since inception has collapsed to 452.8% around 7.8% annualized. Over the past three years the fund has lost an enormous 57.6% and over the same period assets under management have more than halved. Still, despite last year’s losses, the OEI MAC fund has outperformed the MSCI TR net Europe index since inception by 1.4% per annum. The hedge fund's second worst year was in in 1994 when the newly formed fund tanked 40%.

Also see:

Heading into 2017, Odey remained heavily net short.

SORRY!

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


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Opt out of occasional 3rd party offers


Congrats! Are you a smart person? We have a limited time offer for sophisticated and loyal readers like yourself.

Sign up today and get three months free

Use coupon code VIP19 or click on the button below

Limited time offer only expires 8/31/2019 or next 30 now just 2 subscribers whichever comes first – please do not share this discount with others

 

0