New York (HedgeCo.net) – Crispin Odey, like many other fund managers, had a tough time in 2015 and his Odey European fund lost 12.8% last year. But according to a recent article from eFinancialNews, Odey is off to fast start in 2016.

According to the article, the Odey European fund is up 14% so far in 2016. This has to be welcome news for Odey after suffering the loss in 2015 while some of his biggest rivals experienced solid gains last year. The European fund is a long/short fund and competes against the likes of Lansdowne Developed Markets fund, the Pelham Long/Short Fund and the MW Eureka Fund. All of those funds experienced gains in the double-digits last year.

Odey has been bearish on China for quite some time now and that bearish stance is paying off handsomely after the sharp declines seen in the Chinese market so far this year. Additional bearish exposure includes energy companies and commodity holdings according to the eFinancialNews article.

Rick Pendergraft
Research Analyst
HedgeCoVest