Friday, 31 October 2014
Last updated 14 hours ago
May 29 2013 | 12:03pm ET
Odey Asset Management has returned as much in four-and-a-half months this year as it returned all of last year.
The London-based hedge fund's performance is made all the more impressive as its European Fund rose 24.1% in 2012. But it's done even better through May 14 of this year, returning 25% over the period, ValueWalk reports.
The first half of this month has been particularly strong, as Odey European was up just 16.5% at the end of April. Among the firm's best bets on the year have been shorts against mining companies and a lack of enthusiasm about gold.
Firm founder Crispin Odey told investors on a conference call that he was bullish on the U.S. housing market, and criticized German shareholder policies.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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