Massive Short Exposure Hurts Odey As Crispin Warns Last Chance To Exit Equities

Prominent UK hedge fund manager, Crispin Odey, has become one of the biggest bears over the past year or so as he worries that China is nearing collapse.

Perhaps the most difficult trade for a hedge fund manager to hit consistently the target is short exposure in a portfolio. On a statistical basis considering on monthly win percentage, the lowest performing of the two directional strategies in a long / short hedge fund is the short book. Preparing for a negative shock is never easy, as hedge fund manager Crispen Odey rudely discovered in the fall of 2015. His nearly $2.5 billion Odey Asset Management OEI MAC fund was down 17 percent halfway through October 30...