Crispin Odey, Down 33.7% Year Over Year, Feels Lonely

The turbulence in Crispin Odey’s performance continued in March, with the OEI Mac hedge fund run by England’s wealthiest individual losing -3.9% on the month, bringing the year-over-year performance to -33.7%. In today’s market environment, Crispin Odey, in a letter to investors reviewed by ValueWalk, said it feels “lonely” to be bearish.

Which is more volatility: the rise and fall in the price of oil or Odey's performance?

In some respects, the OEI Mac hedge fund performance, with nearly $800 million under management in the strategy, resembles the price of oil: a massive run-up...