Odey AM assets more than halve to $5.5bn

Hurt by bearish positioning

Laura Dew
clock • 1 min read

Bearish positioning by hedge fund manager Crispin Odey has caused assets at his firm to plunge from $11.7bn at the start of 2015 to $5.5bn.

According to the Financial Times, the firm has been hit by founder Crispin Odey's positioning on the company's fund range. He is fearful of various factors including the UK heading into a recession, high asset price valuations and central bank bond-buying.  However, these positions have failed to pay off yet, prompting investor outflows. Assets on the flagship European Inc fund have fallen from €2.5bn at the start of 2015 to €178m, according to the FT, while total assets managed by the firm have dropped from $11.7bn to $5.5bn over the period. Odey: Stockmarket could fall 80% as ...

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 Investment

Trium Capital's Donald Pepper: Tariff tide reveals those swimming uncorrelated

Trium Capital's Donald Pepper: Tariff tide reveals those swimming uncorrelated

'Conventional diversification no longer provides adequate protection'

Donald Pepper
clock 30 April 2025 • 4 min read
Event Voice: Your questions answered by FSSA Investment Managers at the Emerging Markets Conference

Event Voice: Your questions answered by FSSA Investment Managers at the Emerging Markets Conference

Angus Sandison, Investment Analyst, FSSA Investment Managers
clock 24 April 2025 • 3 min read
US M&A spending jumps 50% in March as deal volume declines

US M&A spending jumps 50% in March as deal volume declines

Near 6% drop in number of deals happening

Eve Maddock-Jones
clock 23 April 2025 • 1 min read
Trustpilot