Crispin Odey: Central Banks Are Stockpiling Gold To Break The Dollar’s DominanceRupert Hargreaves
Crispin Odey's flagship Odey European fund, was one of the best performing hedge funds in the world last year. After a string of losses, the firm bounce back in 2018 returning 53% for investors as the vocal hedge fund manager's bearish bets paid off.
Unfortunately, Odey hasn't been able to replicate this positive performance in 2019. After a rough start to the year, losing around -10% during the first quarter, Odey Asset Management's OEI Mac Fund, which follows a similar strategy to the flagship fund, rebounded in May adding 15%, although it went on to lose -2.3% in June. Following this performance, OEI Mac is down -4% year to date, according to a copy of its June investor update ValueWalk has been able to review. The $257 million fund makes up around a third of the firm's assets under management.
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