Crispin Odey Asks Will 2014 Be A Nightmare?

Odey Asset Management head Crispin Odey thinks 2014 will be a good year for hedge funds, but that everyone else may have a rough time getting decent returns, according to a letter to hedge fund investors, which was reviewed by ValueWalk.

“A five year old bull market should give short sellers many opportunities as companies either fail to execute properly or it becomes apparent that they have a much weakened competitive position,” writes Crispin Odey.

He argues that the first wave of housing demand was driven by low...