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UPDATE 1-Hedge fund manager Odey eyes new bull market

Forbes – The current rally in stock markets may be the start of a new bull market, said hedge fund manager Crispin Odey, founding partner at Odey Asset Management and one of the hedge fund industry’s highest profile figures.

‘Opinion is divided over whether this is a bear market rally or the beginning of a new bull market. I think it has the chance to be a new bull market,’ Odey said in a note to clients.

‘In little over a month much has changed’, following a sharp rally in stocks led by banks and base materials stocks, he said.

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