The Universe Is Conspiring Against Hedge Fund Manager Crispin Odey, His Chickens - Dealbreaker

The Universe Is Conspiring Against Hedge Fund Manager Crispin Odey, His Chickens

Won't somebody think of the chickens?
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Think of the chickens.

It’s the only explanation for the 19.3% loss he suffered last month, a loss that could jeopardize his hens’ life of luxury.

Describing the month as "bloody", Odey told clients his portfolio bet that a weakening Chinese economy would impact the global economy had been "attacked on all sides", and as a result he had lost money on his foreign exchange bets, oil and short positions in emerging markets….

"Nobody likes being wrong. Nobody likes looking foolish. Nobody likes losing money," Odey told clients in the letter.

Billionaire hedge fund investor Odey says April ‘bloody’, has cut risk [Reuters]
Crispin Odey’s Hedge Fund Portfolio ‘Attacked on All Sides’ [WSJ MoneyBeat blog]

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UK Hedge Fund Manager's Chickens To Maintain The Lifestyle They've Grown Accustomed To In 2013

What motivates a hedge fund manager to continue busting his ass to churn out profits year after year, once he's already amassed a fortune most people can't even fathom, when he could easily pack it all in and live more than comfortably without ever working another day? For some, it's the thrill. For others, it's the trophy's wife's shoe habit. For Crispin Odey, it's the chickens. The Odey Asset Management founder (and sausage brand ambassador)'s got a mess of high-maintenance ones and earlier this year, had architects draft blueprints of a "Palladian-style" mansion he intended to build them (seen at left), replete with a grey zinc roof, "pediments, cornice, architrave, and frieze in English oak," and columns "hewn from the finest grey Forest of Dean standstone." After finishing 2011 down 20.3%, things were no doubt more than a little tense over in Herefordshire, where questions of whether or not construction would have to be halted, or if they'd have to make the switch to [whispers] generic-brand feed. Certainly a moment of panic swept over Odey each day when he returned home, wondering as he turned the knob if he'd be entering an empty house, the chickens gone and a note explaining they couldn't do this anymore on the fridge. Ran off with the general contractor because what was the point of shacking up with a money manger if the money wasn't there? Luckily for all parties involved, it won't have to come to that; according to Bloomberg Markets' annual ranking of the top performing hedge funds, performing under pressure is one of Odey's specialities.