After Recent Losses Even Odey's Long Term Gains Evaporate

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Rupert Hargreaves
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Updated on

After a relatively slow start to the year, last month Crispin Odey returned to form. During July Odey’s OEI Mac strategy, which consists of the OEI, OEI Mac, and Odey Swan Funds, lost 10.3% compared to a return of 3% for the MSCI Daily TR Net Europe USD. After this loss, year-to-date the strategy is down 12.7%. And over the past 12 months, Odey’s fund has returned -36.5% for investors, according to a recent letter to investors reviewed by ValueWalk. London-based Crispin Odey made a name for himself betting against UK banks during the financial crisis. As the rest of…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk