Odey Warns Spread Of Stock Market Gambling Faster Than Latest “Mutation Of COVID” [2020 Letter]Rupert Hargreaves
Crispin Odey's flagship investment strategy, the Odey European Fund, lost - 30.5% in 2020, according to a copy of the strategy's fourth-quarter letter to investors, a copy of which ValueWalk has been able to review.
This was one of the worst performances in the fund's history. Since its inception in 1992, it has lost more than 20% on only four occasions.
The worst loss was in 2016, when it ended the year with a -49.5% decline.
Odey's inflation bet
According to the investor letter, the fund ended the year with long equity exposure of . . .
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