Odey Hedge Fund Slips to Fourth Annual Loss in Five Years

[dealmaker]

Odey Hedge Fund Slips to Fourth Annual Loss in Five Years (Bloomberg)
Crispin Odey’s main hedge fund slumped to a fourth annual loss in the last five years as his bearish bets misfired amid the longest-running equities bull market in history. The Odey European Inc. hedge fund finished 2019 down 10.1% despite a late rally in December, according to a spokesman for London-based Odey Asset Management.

 

[R1234]

Still running $4B in assets. Amazing.

 

[Pekelo]

I wonder where his skin in the game was:

"While Odey’s funds struggled, those run by other managers posted positive returns. The Odey Allegra Developed Markets fund run by James Hanbury gained 27.9% in 2019, and the new Odey Concentrated Natural Resources fund managed by Henry Steel gained 38.4%.

Below are the 2019 returns for some of the firm’s other funds: