Systematic CTAs At Top and Bottom of Hedge Fund Performance List

Crispin Odey finds himself in an unusual relative position in the recent HSBC Hedge weekly report while a host of systematic CTA hedge funds and a well known discretionary manager are trailing their peers.

After being a frequent guest on the Hedge Weekly worst performing list for the last three years, posting losses of -21.72%, -49.52% and -12.82% over the period, Odey is finally in the winner’s circle, third best year to date of all performers submitting their returns to HSBC. The Odey European fund, with 162 million euros under management, is up 11.98% as of March after coming off its worst drawdown in history, -66.75%, a...