Odey Absolute Return Up 11.3% Gains on NewCrest Mining Short

Crispin Odey has several funds in his firm, Odey Asset Management, that have a habit of beating benchmark indices. Take Odey Absolute Return which gained 11.3 percent in Q1, squarely beating the 10.3 percent return on S&P 500 in the same period. Odey Absolute Return is managed by James Hanbury and Jamie Grimston and looks over $8o8 million. The fund ranked among the best performers of 2012 with a +36 percent return. Compared to Odey’s star-studded performance in January and February, the fund added only a 1.3 percent return in March. Except for positive performance in the long portfolio, the fund…