October brought steep declines across the equity market, and many equity funds were in the red as a result. Odey Asset Management was among those in the green in October as it retuned nearly 7%, significantly outperforming the MSI World Index Daily, which fell nearly 7% last month. The shorts have it Overall, Odey has had a pretty solid year. In 2018, the $5.9 billion manager was in the green in every month except January and August. In his October 31 update, which was obtained by ValueWalk, founder Crispin Odey named the firm’s short position in Tesla as one of…
We’re In The “Early Stages” Of A Profound Bear Market”: Odey
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.