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%…
Odey Still Bearish, Explains Massive Long Gold Bull Position
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.