Undeterred By Massive Losses, Odey Predicts Market Collapse

Times are getting interesting, hedge fund manager Crispin Odey notes, perhaps with a bit of English reserve dripping from his words. After a populist Brexit surprise and “V” bottom rebound, Odey has remained a significant bearish voice. But it’s not only politics that has one of England’s wealthiest hedge fund managers on edge. It’s the lack of market logic, a topic he addresses in his Opus Fund September letter to investors.

Odey Opus Fund besting MSCI World by a factor of two

With Opus Fund year to date performance at 4.6%, the fund is outperforming the beta behind the MSCI World stock index, which is up 1.92% year to date.  Even though winning in the Opus Fund, European Inc Fund, a...