Odey Asset Management released its full-year numbers for 2019. In its December report to investors, which was reviewed by ValueWalk, the fund said it was down 11.1% for the full year. For December, Odey International Fund was up 10.97%, while for the fourth quarter, it was up 8.64%. For the second half of the year, the fund was down 6.5%. The only two of Odey’s top 10 holdings that were long were positions in Banco Macro and SLC Agricola. The others were all shorts: Long Gilt Future for March 20, JPN 10-year bond for March 20, Aust 10-year bond future…
8 of Odey’s top 10 positions in December were shorts, including Tesla; Crispin warns of growing contagion dangers [In-Depth]
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.
