The turbulence in Crispin Odey’s performance continued in March, with the OEI Mac hedge fund run by England’s wealthiest individual losing -3.9% on the month, bringing the year-over-year performance to -33.7%. In today’s market environment, Crispin Odey, in a letter to investors reviewed by ValueWalk, said it feels “lonely” to be bearish. Which is more volatility: the rise and fall in the price of oil or Odey’s performance? In some respects, the OEI Mac hedge fund performance, with nearly $800 million under management in the strategy, resembles the price of oil: a massive run-up in value followed by a period…
Crispin Odey, Down 33.7% Year Over Year, Feels Lonely
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.