Crispin Odey Goes Short VolksWagen, Long Bernanke

Odey European MAC was down 1.3 percent in the month of August, finishing eight months of the year up 18.8 percent, according to a fund report seen by ValueWalk. The fund manages $900 million, whereas Odey Asset Management looks after $9.7 billion in assets, which include its wealth management business.

Down months are not a usual thing for Odey's funds, which have managed to gain handsomely through most phases of the market. OEI MAC invests in the master fund Odey European Inc. (AUM $2.1 billion), Odey European is up 18 percent for the...