Crispin Odey’s Odey European Inc Fund, which consists of the OEI, OEI Mac, and Odey Swan funds had yet another terrible month during August. For August 2016 the fund returned -8.1%, against the MSCI Daily TR Net Europe (EUR) return of +0.7%. Year-to-date the fund is now down by 34.9% and over the past 12 months, the fund has lost 38.5%. Over the previous five years, the fund is down by 8.2% underperforming its benchmark by 72.1%. After currency hedging, the short equity book made a negative contribution for the month of -4.1% and the long equity book made a…
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