Star Hedge Fund Odey Finding 2014 Extremely Challenging

With over $12 billion under management, London hedge fund manager Chrispin Odey continues to struggle in 2014. After stumbling to the tune of 7.2 percent in March, Odey European the hedge fund is down 12.5% YTD, a disappointing number, after a strong 2013 return of approximately 30%. Ironically, the former son in law of Rupert Murdoch predicted that 2014 would be a good year for equities. Odey moves to net short position The cautious Odey may have his day, however, as the fund moved to a net short position in June, according to an investor letter reviewed by ValueWalk. “It is not just that…