Hedge Fund Manager Odey Sticks With Bearish Bet Despite ‘Awful’ 2016

(Reuters) British hedge fund manager Crispin Odey said on Thursday he continued to bet on a global downturn despite an “awful” 2016 in which his main fund shed nearly half its assets. Odey – whose fund Odey Asset Management racked up losses of almost 50 percent last year – said the weak performance was in part down to Chinese efforts to shore up their economy, he told the Guernsey Funds Forum in London.

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