Crispin Odey Returns 25%, Notes German Banks are Weak

We have been wanting to know more about the investments of Odey Asset Management, a London based hedge fund with $7 billion in AUM which may be lesser known in the U.S. but has wooed us with its apparently relentless stream of huge returns. Odey European has returned +25 percent through May 14 for the year and is one of the best performing funds of 2013. OEI was up 16.5 percent as of the end of April.

We see a lot of Odey in the short disclosures from Europe but the allocation still makes up a small portion of overall fund assets. Odey has been bearish on metal mining which was evident from its short...