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Search resuls for: "Odey Asset Management"


3 mentions found


☆ Dozen hedge funds eye bonanza as Rogers-Shaw deal nears close
  + stars: | 2023-01-27 | by ( Maiya Keidan Nell Mackenzie | Maiya Keidan | Nell Mackenzie | ) www.reuters.com   time to read: +4 min
Still, hedge funds piled into Shaw, betting the deal would go ahead. But now, together, the 12 hedge fund firms have made hundreds of millions over the nearly two-year period between Mar. POPULAR TRADEThe 12 hedge fund firms together owned 7.05% of Shaw's shares, or 33.6 million shares, according to Refinitiv Eikon data. Millennium, for example, is a multi-strategy firm - meaning it operates different hedge fund strategies. If the competition bureau had prevailed, analysts had predicted Shaw shares would have dropped to the pre-bid level of C$23, pointing to steep losses for the hedge funds.
☆ Hedge fund manager who is up 145% this year says the British pound isn't done falling after hitting record low
  + stars: | 2022-09-27 | by ( Brian Evans | ) www.businessinsider.com   time to read: +2 min
The British pound could fall further and reach parity with the US dollar, according to hedge fund manager Crispin Odey. His firm's flagship European hedge fund is up about 145%, mostly after shorting government bonds like British gilts. On Monday, the pound sterling hit an all-time low against the dollar of $1.035 but recovered somewhat to reach $1.067 on Tuesday. Odey's flagship European hedge fund is up about 145%, according to the FT, mostly after shorting government bonds like British gilts. Other firms have also profited from shorting the pound sterling.
☆ Odey's hedge fund soars 145% on bets against UK bonds - sources
  + stars: | 2022-09-22 | by ( Nell Mackenzie | ) www.reuters.com   time to read: +2 min
REUTERS/Henry NichollsLONDON, Sept 22 (Reuters) - Crispin Odey, one of Britain's best-known hedge fund managers, has made a killing this year by wagering against British government bonds, with his firm's main fund up 145% in 2022 after shorting long-dated UK debt, sources said on Thursday. The UK 10-year gilt yield hit 3.392% on Thursday, its highest since July 2011, after the Bank of England lifted rates and said it would soon start selling government bonds. His fund's largest notional exposure is betting against very long dated bonds, some as far out as 2071, the source said. He is known for a volatile performance, with his fund regularly posting double-digit annual gains or losses. His flagship fund experienced its worst-ever losses of almost 50 percent in 2016, a year that Odey has since described as awful.
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