Odey – Short Swatch, Insurers And Netflix; Long Gold

It would be fair to say that Crispin Odey and the manager’s funds had a mixed second quarter. For Q2 the flagship OEI fund returned -0.93%, OEI Mac ($) returned -0.08% and Odey Swan (€) returned -2.08%. Odey’s long-only funds Opus (£), Odey Allegra International (€) and Odey Pan European (€) returned  +1.44%, -3.37% and  -6.70% respectively. But steady second quarter returns don’t make up for Odey’s past mistakes. Indeed, year-to-date the OEI Mac fund has lost around 30% and over the past three years the fund is down by 39%. Further, the long/short Odey Swan Fund has been described by FE…