Crispin Odey's flagship Odey European fund, was one of the best performing hedge funds in the world last year. After a string of losses, the firm bounce back in 2018 returning 53% for investors as the vocal hedge fund manager's bearish bets paid off.
Unfortunately, Odey hasn't been able to replicate this positive performance in 2019. After a rough start to the year, losing around -10% during the first quarter, Odey Asset Management's OEI Mac Fund, which follows a similar strategy to the flagship fund, rebounded in May adding 15%, although it went on to lose -2.3% in June. Following this performance, OEI Mac is down -4% year to date, according to a copy of its June investor update ValueWalk has been able to review. The $257 million fund makes up around a third of the firm's assets under management.
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