After returning +0.7 percent in September, now up 7.3 percent year to date as of this report, Odey’s Odyssey Fund made material changes to their portfolio as Odey thinks market movements were out of line with fundamentals. See returns from Crispin Odey’s hedge fund here Odey: Financial markets have are predicting a sharp slowdown In a September investor letter the fund, managed by portfolio manager Tim Bond, said financial markets have are predicting a sharp slowdown in global growth. Market gyrations didn’t match the economic reality, however. Using their survey-based Nowcast, they believe actual growth basis September has slowed from 4.1…
Odey Says Equity Investors Outsource Analysis To Bond Markets
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.