It is becoming a custom with Odey Asset Management to short and then go long on the same holding or vice versa. OEI MAC, one of the funds that invests in Odey's flagship Odey European, mentions Toyota Motor Corporation (NYSE:TM) (TYO:7203) as a short bet in the latest monthly letter.
Odey long and short Toyota?
OEI MAC netted a 0.7% gain in October, bringing up the year-to-date return to 17.8%. The fund profited on a Toyota Motor Corporation (NYSE:TM) (TYO:7203) short bet as the stock...
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