If pushed i would have guessed Mr. Ody would fold first but he's a obstinate cuss.
We have been dubious of the adoration given to Hall for a decade now, some links below.
As to Odey he may still be forced to sell the manor and move into the Palladian chicken coop but for now, he persisted....
From the Wall Street Journal, Aug. 7:
Assets under management at Odey's hedge fund firm have fallen below $6bn
Crispin Odey, one of Europe’s best-known hedge fund managers, ran up a
10% loss in one of his hedge funds last month, in what is fast turning
into a bad year for some big-name managers.
The European fund run
by Odey, founding partner of London-based Odey Asset Management which
manages $5.9bn in assets, experienced a 9.8% fall in its net asset value
during July, according to an investor document seen by The Wall Street Journal. The fund is down 12% in the year through July.
Odey’s
European fund was once one of the biggest in the sector, worth billions
of dollars in its own right, though some investors withdrew their cash
after poor returns in the past two years. According to an April letter
to investors, the fund held just under $900m in assets at the end of
March.
A spokesman for Odey declined to comment.
Odey, a
veteran trader who made millions betting on a recovery in Barclays in
the immediate aftermath of the financial crisis, has fared less well in
recent years as his bearish views have failed to pay off in rising
markets.
The latest poor performance stems in part from bets on
falling stock prices, particularly in the US, where the Dow Jones
Industrial Average rose above 22000 for the first time last Wednesday.
Odey’s fund has also bet against stocks such as Tullow Oil, which
climbed 13% during July, and specialty insurer Lancashire Holdings ,
which rose 6%, according to the investor document. The fund was
positioned against the British pound, which climbed against the dollar,
and against gilts, which also rose....MORE
