by Tyler Durden
Thursday, Apr 15, 2021 - 08:10 PM
Those wondering how hedge funds are doing may get conflicting answers depending on whom they ask.
On one hand, according to Goldman Prime (best known these days for liquidating its margin called clients to extinction), the average Long-Short hedge funds was flat for Q1, with some outperformance observed only in the first two weeks of April.
On the other hand, if one reads the FT, one finds articles such as
Hedge funds post best start to year since before financial crisis in which we read, perplexingly, that hedge funds have navigated the GameStop short squeeze and the collapse of family office Archegos Capital to post their best first quarter of performance since before the global financial crisis.
Odey Asset Management partners face hefty tax bills after court ruling
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Home / News / Revealed: Odey AM quietly rebrands £1.3bn of funds as Crispin Odey’s next trial date looms
Revealed: Odey AM quietly rebrands £1.3bn of funds as Crispin Odey’s next trial date looms
Funds managed by Crispin Odey himself have retained the ‘Odey’ moniker
Odey Asset Management has quietly rebranded £1.3bn worth of funds as founder Crispin Odey prepares for his next date in court later this week,
Portfolio Adviser has learned.
Seven out of the hedge fund boutique’s existing 19 funds have changed their name from ‘Odey’ to ‘Brook’, referring to the new subsidiary business, Brook Asset Management, created by Odey AM last November.
Threefold Increase In Loss Produces Fourfold Increase In Bonus For Crispin Odey
Itâs good to be king of the hedge-fund chickens. And also still CEO at the time.
Author:
Jan 11, 2021
Itâs good to be king of the hedge-fund chickens. And also still CEO at the time.
Let’s, if we may, review Crispin Odey’s performance over the past few years. His flagship Odey European Fund has posted double-digit returns in each of the last six years; unfortunately, only one of those times has it been positive. (By contrast, his underlings are doing a bang-up job: one of James Hanbury’s funds rose 46.2% last year, and Adrian Courtenay’s was up 42.8%, proving, alongside the likes of Alan Howard, that it can be done, just, like, not by Crispin Odey.) Assets under management have fallen by $10 billion. In order to make those few investors it has left whole, he’ll have to more than triple their remaining money. Instead, he’s decided to embarrass and insult them (“I realize that f
4 Min Read
(Reuters) - The average hedge fund underperformed the wider stock market in 2020 but saw less volatility while stock-picking funds got a lift from technology and stay-at-home shares in a year beset by a pandemic and uncertainty around the U.S. election.
FILE PHOTO: A trader at the New York Stock Exchange works as markets continue to react to the coronavirus disease (COVID-19) inside of the NYSE in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson/File Photo
Hedge funds, which aim to protect assets in market downturns and have faced criticism for many years for high fees and lacklustre returns, in 2020 showed a divergence in performance.
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