Odey Is Shorting Tesla And Protecting Against Inflation By Shorting The Long End Of The Bond Market [Exclusive]

Odey’s European fund returned 14.7% for March, bringing its first-quarter return to an impressive 52.8%. In his March letter to investors, which was obtained by ValueWalk, Crispin Odey said after such an outstanding first quarter, he would expect some pullback in the second. However, the pullback started two weeks before the end of the first quarter. As a result, he hopes that means the fund won’t lose much before the increase in interest rates across the curve resumes, even in the event of a recession. Odey noted that part of this depends on the war in Ukraine remaining painful but…