Hedge Funds
Crispin Odey has attracted plenty of negative media attention over the past few weeks after it emerged that his main hedge fund suffered a 49.5% loss during 2016, following a decline of 13% during 2015. Client assets fell by 60%. These almost irrecoverable losses put Odey’s flagship fund at the top of large hedge fund loser board for 2016 and, an enviable position no manager wants to find themselves in. But as it turns out, Odey is not alone in the 40%+ losses category. One of the few well-known hedge funds trading out of Australia also racked up losses of...