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Hedge funds are having quite a year. I mean, sure, they’re only up 4.9% over a nine-month period that has seen the S&P500 rise 21%, but that’s the best they’ve done in years.

Crispin Odey’s hedge fund? Not so much.

Mr Odey, founder of London-based Odey Asset Management, lost 12.7 per cent in September in his European hedge fund, according to numbers sent to investors and reviewed by the Financial Times. That left his fund down 18.1 per cent for the year.

No George Soros, indeed. Odey has been burned by his shorts against financial stocks, which have surged in spite of the best efforts of his friend Boris Johnson to bring upon the economic apocalypse Odey has been so excitedly awaiting. And also by an economic apocalypse he failed to foresee, in Argentina.

Luckily for Odey, however, Johnson is still hard at it, and those Brexit-based shorts may yet pay off. Indeed, they might already be doing so, although Boris is gonna have to work even harder—something he is allergic to—for Odey if the latter’s going to avoid a fourth losing year in five.

This month, it had regained 4.5 per cent as of the middle of last week, reducing year-to-date losses to 14.4 per cent.

Crispin Odey hit in volatile September for hedge funds [FT]
Hedge Funds Post the Best Performance This Year Since 2013 [Bloomberg]



Threefold Increase In Loss Produces Fourfold Increase In Bonus For Crispin Odey

It’s good to be king of the hedge-fund chickens. And also still CEO at the time.

England's Donald Trump: Pro-Leave, obviously.

Maybe Crispin Odey Should Go Into Politics

‘Cause this hedge-fund managing thing just isn’t working out.


Crispin Odey, Gabe Plotkin Going In Very Different Directions

Investors with either of them are still in the red, but only one is still stockpiling scarlet ink.

By Luis Miguel Bugallo Sánchez (Lmbuga Commons)(Lmbuga Galipedia)Publicada por/Publish by: Luis Miguel Bugallo Sánchez (Own work) [GFDL or CC-BY-SA-3.0], via Wikimedia Commons

Crispin Odey Backing Hard Brexit, Shorting Pound, Sees No Connection Between The Two

The Lord of Cluckingham Manor is offended you’d think him so base.


Practiced Court Witness Crispin Odey Can’t Save Colleagues From Unpleasant Tax Bill

It seems you do have to pay taxes on your bonus, even if they were deferred to satisfy some other meddling regulator.