Down In February, Odey Sees Market Crack Coming… Again

HFA Padded
Mark Melin
Published on
Updated on

With the S&P 500 up 5.6% to end the first quarter of 2016, the Odey Odyssey Fund, down -7.2% year to date as of the end of February, is playing a painful waiting game. Odyssey portfolio managers Tim Bond and Dipankar Shewaram, in a letter to investors reviewed by ValueWalk, are walking a tight-rope. Not only are they placing bets based on the downfall of the US stock market, but they have yield curve bets that favor the short end, looking for a sharp rise in interest rates. In the meantime, their investors wait what has been a long period…

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HFA Padded

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.

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