Nobody wants a recession
Crispin Odey
Odey Asset Management
Nobody wants a recession but sometimes recessions can be better than the alternative policies which not only destroy incentive structures but also create wrong price signalling, which in fact creates more mayhem as production reacts to misleading signalling, and ultimately leads to governments becoming even more involved in the economy. Having witnessed several years in which companies have used cheap debt to buy back expensive equity, expect that in a few years’ time companies will be doing the reverse. (VIEW LINK)
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Crispin is one of Europe's most respected investors having delivered exceptional returns for his clients. Since he established Odey Asset Management in 1991, his flagship long-short strategy has compounded at almost 14% per annum net of all fees while his long-only strategy has outperformed the MSCI World TR Index by over 8% per annum. Prior to founding Odey, Crispin managed the European Growth Trust and Continental European pension funds at Barings Asset Management and Framlington Fund Managers. Crispin graduated from Christ Church, Oxford in 1980 where he read History and Economics.
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Crispin Odey
Founder | Chief Investment Officer
Odey Asset Management
Crispin is one of Europe's most respected investors having delivered exceptional returns for his clients. Since he established Odey Asset Management in 1991, his flagship long-short strategy has compounded at almost 14% per annum net of all fees...
Expertise
Crispin Odey
Founder | Chief Investment Officer
Odey Asset Management
Crispin is one of Europe's most respected investors having delivered exceptional returns for his clients. Since he established Odey Asset Management in 1991, his flagship long-short strategy has compounded at almost 14% per annum net of all fees...
Expertise
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