Odey Down Nearly 50 Percent In 2016 Remains Defiantly Bearish

Odey Down Near 50%

Some hedge fund managers have made some terrible investment decisions this year, but by far the biggest set of mistakes comes from former billionaire Crispin Odey.

Odey’s funds have struggled for the few years as the bearish hedge fund manager has wagered on a market and economic collapse, which has never happened. However, until this year many of Odey’s investors have be

en willing to support the fund manager thanks to his record of predicting the 2008 financial crisis. But this year everything has fallen apart for Odey. He was a vocal supporter of Brexit, making hundreds of millions for his investors in the days after the vote, although he then began to criticize the decision...