Crispin Odey becomes the best performing hedge fund manager in Europe – two years after his worst performance
Ben Harrington, Financial Mail on Sunday
Bounce back: the strong performance marks a strong comeback by Crispin Odey
Crispin Odey is ready to become the best performing hedge fund manager in Europe this year – a remarkable turnaround after two years ago, delivering the worst performance.
His flagship Odey European Fund is currently at the top of the ranking of a list of Europe's top-performing hedge funds composed by HSBC.
It says that Odey's fund, which made millions of pounds of correct gambling against banks in the run-up to the financial crisis, has so far increased by 25.7 percent in 2018.
The strong performance marks a strong comeback by Odey, who last year saw its fund slide by more than a fifth and almost 50 percent tumbled in 2016 after his predictions of a market crash failed.
Odey, who has made a major investment in Sky, said: "We have performed very well this year, especially with oil stocks, such as Aker BP. & # 39; But he added: "After a number of years, I have to continue to do this for a few more years. & # 39;
Odey was one of the leading Brexiteers in the city and donated large sums of money to campaigns to support the British separation of the European Union.
However, he said last night that Brexit & # 39; hopelessly, poorly organized & # 39; seems to be.