Cripsin Odey Is Very Bearish On EMs, Bullish On USDVW Staff
Odey Asset Management's flagship Odey European Inc returned +8.6% in the third quarter of 2014, according to a quarterly presentation seen by ValueWalk. The latest returns from HSBC Hedge Weekly show that Odey European was up 9.97% for the year through December 12.
In Odey's short portfolio, the main contribution came from shorts in Adidas, Elekta, Ashmore, SeadDrill and Swatch. The short book returned a gain of 7.8% in the third quarter of last year. Odey European suffered losses in its bets against Royal . . .
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