Odey Still Bearish, Explains Massive Long Gold Bull Position

HFA Padded
Mark Melin
Published on
Updated on

2016 has been a difficult year for investors in Crispin Odey’s $1.5 billion OEI MAC fund, and July only compounded the pain. Down -4.1% on the month, the fund is negative by -29.9% year to date. Short stock exposure and currency bets hurt performance in July while longs, government bonds and commodity bets, primarily in gold, helped boost returns, according to a July investor letter reviewed by ValueWalk. Also see some of the best hedge fund letters Odey significantly more short than long Odey is operating a dramatically short long / short ratio at present: 84.1% long and a whopping 163.1%…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

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.