Odey Gains On Short In Toyota Motors In October

It is becoming a custom with Odey Asset Management to short and then go long on the same holding or vice versa. OEI MAC, one of the funds that invests in Odey’s flagship Odey European, mentions Toyota Motor Corporation (NYSE:TM) (TYO:7203) as a short bet in the latest monthly letter. Odey long and short Toyota? OEI MAC netted a 0.7% gain in October, bringing up the year-to-date return to 17.8%. The fund profited on a Toyota Motor Corporation (NYSE:TM) (TYO:7203) short bet as the stock declined in October. Odey Asset Management has several shorts disclosed in automakers; the fund has turned decidedly…