After expressing his bearish outlook for the year in the last quarterly letter, we have more pessimism from Crispin Odey via his latest monthly letter. The Odey European fund grabbed a 5.2% return in the month of May after falling by a drastic 19.3% in April, according to a letter to investor reviewed by ValueWalk. At the end of May, Odey Asset Management’s flagship strategy had a total loss of 13.9%. Odey’s poor performance has put it among the worst performing hedge funds of 2015, according to HSBC Hedge Weekly’s latest update.The loss in April was Odey European’s largest intra-month decline since…
Odey Recovers In May But Assets Down $600M After Bloody April
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.