September 17, 2021

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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