Our old mate Crispin Odey is back and not in a good way, from the FT:
Odey Asset Management founder Crispin Odey’s flagship hedge fund slumped 19.3 per cent last month, after it was caught out when the Australian dollar strengthened against the US dollar.
The large one-month move, from one of London’s best-known hedge fund managers, wiped out Odey European’s small gain in the first three months of the year and took its 2015 performance to -18.2 per cent, according to investor documents.
