Odey Down Again, Sticks To Bearish Bets And Warns Of "Long, Hot Summer For The Bulls"

Odey Fund Down having a rough year

2017 is shaping up to be another terrible year for vocal hedge fund manager Crispin Odey. As we near the halfway mark of the year, the Odey International Fund is down 5.82% year-to-date (according to the fund’s May 31 update) after a loss of 41.4% last year and a loss of 10.6% for 2015. Since inception (July 2014) the international fund, which invests in Odey Asset Management’s "long-standing and successful flagship strategy," Odey European Inc., has produced an annualized loss for investors of -15.71%.

Odey Fund: Short Sterling, Bonds 

According to the update, a copy of which has been reviewed by ValueWalk, at the end of May Odey remained short gilts and...