Crispin Odey sees big gains as bearish positions begin to pay off

Up 19.9% this year

Tom Eckett
clock • 1 min read

Crispin Odey has been one of the best performing hedge fund managers so far this year aided by bearish bets on government debt and equities.

According to the Financial Times, his flagship €173m Odey European fund has returned 19.9% in 2018 as a return to volatility has driven government bond yields in the UK and Japan higher. In April, it was reported Odey had built up a short position against UK government debt that is now worth 154.8% of his flagship fund and has also shorted Japanese government bonds equivalent to 43.6% of his fund. In his latest letter to clients, he claimed the protectionist policies being implemented by US President Trump would exacerbate his claims that loose monetary policy will result in a dramati...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

Tiffany Wilding, (pictured) managing director and economist at PIMCO

PIMCO's Tiffany Wilding: Lessons from a year of unexpected economic resilience

'Risk of a downturn in 2024 remains high'

Tiffany Wilding
clock 06 December 2023 • 3 min read
Market Movers Blog: UK 10-year gilt yield drops below 4% for first time since May

Market Movers Blog: UK 10-year gilt yield drops below 4% for first time since May

Latest news and analysis

Investment Week
clock 06 December 2023 • 1 min read
Partner Insight: The dash for cash

Partner Insight: The dash for cash

Today’s investors face a challenging prospect of an oncoming recession and elevated market volatility, which may lead them to question their risk appetite and asset allocation. Against this backdrop, Fidelity’s fixed income team highlight the reasons why now is a good time to be allocating to cash in your investment portfolio.

Fidelity International
clock 06 December 2023 • 2 min read
Trustpilot