The themes I have been outlining since the second quarter of 2014 are now establishing themselves:
Crispin Odey
Odey Asset Management
The themes I have been outlining since the second quarter of 2014 are now establishing themselves: ? A faltering Chinese economy with growth ultimately slowing down to 3%. ? A hard landing for those countries plugged into China's growth - especially Australia, South Africa and Brazil. ? A fall in commodity prices bringing with it pain to those heavily exposed. For oil this is the Middle East, Venezuela, Argentina, mid-west USA, Canada, Norway and Scotland. We are in the first stage of this downturn. It is too early to see what will happen - a change of this magnitude means the darkness and mist is very great. We will make some mistakes but with our thinking we won't make the major mistakes. The problem is where you stand - I am amazed to see so many are fully invested given that equities are already fighting the downtrend. Full report: (VIEW LINK)
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Crispin is one of Europe's most respected investors having delivered exceptional returns for his clients. Since he established Odey Asset Management in 1991, his flagship long-short strategy has compounded at almost 14% per annum net of all fees while his long-only strategy has outperformed the MSCI World TR Index by over 8% per annum. Prior to founding Odey, Crispin managed the European Growth Trust and Continental European pension funds at Barings Asset Management and Framlington Fund Managers. Crispin graduated from Christ Church, Oxford in 1980 where he read History and Economics.
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Crispin Odey
Founder | Chief Investment Officer
Odey Asset Management
Crispin is one of Europe's most respected investors having delivered exceptional returns for his clients. Since he established Odey Asset Management in 1991, his flagship long-short strategy has compounded at almost 14% per annum net of all fees...
Expertise
Crispin Odey
Founder | Chief Investment Officer
Odey Asset Management
Crispin is one of Europe's most respected investors having delivered exceptional returns for his clients. Since he established Odey Asset Management in 1991, his flagship long-short strategy has compounded at almost 14% per annum net of all fees...
Expertise
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