- British hedge-fund boss Crispin Odey is one of the most influential and best-known fund managers in Europe.
- Odey Asset Management made a sizeable £115 million ($142 million) in just three weeks in March by employing a bearish strategy.
- Markets Insider dug up some of his best quotes on gold, the financial crisis, recession, and why he thinks equities are a solid bet.
- Visit Business Insider’s homepage for more stories.
British hedge-fund chief Crispin Odey is one of Europe’s best-known investors.
The founder of London-based Odey Asset Management reportedly made a substantial £115 million ($142 million) in just three weeks in March during the COVID-19 outbreak, as his fund’s signature bearish stance paid off.
He is best known for his pessimistic bets on the economy, and for making £110 million by shorting the pound in the run up to Britain’s referendum to exit the European Union in 2016.
Although some of his bets have backfired, Odey remains one of the most successful fund managers in Europe. He boasts a powerful network of close friends and contacts, and is renowned for his shrewd bets during periods of market volatility.
He recently argued that a key driver of this year’s market crash was the growing influence of algorithmic trading, and said he has “a feeling one of the big hedge funds is about to go bust.”
But he remains hopeful that markets will rise as “a recession has now been priced in.”
The Sunday Times, which releases its Rich List every year, reported that Odey and his wife Nichola Pease’s wealth rose £50 million to £825 million — about $1 billion — this year.
Markets Insider decided to round up 10 of his best quotes on investing, which include comments on gold, stocks, and economic crises. Check them out below.
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