After a rough start to the year, Crispin Odey’s flagship Odey European fund ended 2015 on a strong note, although the fund has been left nursing heavy losses for the full-year. Odey’s OEI MAC fund, which invests in Odey’s European fund, was up 4.2% on a USD basis for December, according to a letter to investors reviewed by ValueWalk. This performance compares to the MSCI Daily TR Net Europe USD return of -2.6% and a MSCI Daily TR Net Europe GBP return of -0.5% for the same period. For the full-year Odey’s OEI MAC fund lost 21.3% compared to the MSCI Daily…
Odey Has Big Gains As Bearish China Bets Pay Off
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