Odey Rails Against Central Banks For Destroying Capitalism

The long/short Odey Swan Fund, managed by vocal hedge fund manager, Crispin Odey returned 3.9% for investors in June 2016, outperforming the MSCI Daily TR Net Europe return of -4.3% for the same period. However, even after this positive performance, the Swan Fund is still deep in the red for 2016, according to a letter to investors seen by ValueWalk.

Odey Down 33.4 Percent YTD Holds Tight; Warns Of Major Recession Ahead

Described by FE Trustnet as “one of the worst performing funds available to UK investors in 2016” during April of this year Swan’s losses were more than double the next worst performer in the Investment Association universe of more than 3,500 funds. At the end of June,...