Tim Bond, portfolio manager for Odey Asset Management’s Odyssey Fund, thinks the next few quarters will bring “an uneasy” and “fragile” balance of market forces that will feature stable growth and lower inflation.
Odey Asset Management’s Odyessy Fund down -0.9%
Writing in an investor letter dated October 31, Bond might not be thrilled with his monthly performance, down -0.9 percent on the month in what was an unusually volatile month. The fund took advantage of October to increase exposure to equities, boosting ownership of U.S. to near 20 percent, the report said while it eliminated its peripheral government bond positions. The fund’s largest weighting continues to focus on Japan, a trend ValueWalk had previously reported.
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