2016 was a year vocal hedge fund manager Crispin Odey would rather forget. As markets charged higher, Odey’s bearish bets backfired and at the end of the year, his flagship European fund was down by nearly 50%, making it one of the worst-performing hedge funds in the world.
Luckily for Odey’s investors, it looks as if his bets are starting to pay off this year, and for the time being at least, there have been no further losses. Indeed, according to Odey International Fund’s January report, a copy of which has been reviewed by ValueWalk, the fund achieved a positive performance of 2.12% during the month of January, beating the MSCI World Index by 0.83%. That being said, over...
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