How rich is Crispin Odey?
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Crispin Odey (born 1959) is a London-based hedge fund manager as well as the founding associate of Odey Asset Management. Odey founded Odey Asset Management in 1991. George Soros was among the first investors, seeding Odey $150 million. He made big losses in 1994 when the Federal Reserve unexpectedly lifted interest rates (one of his funds lost 44 per cent of its own value), but went to prosper, for example by foreseeing the value of insurance companies would increase after the September 11 strikes on Nyc in 2001. Hendry left in 2005 to create Eclectica Asset Management. Odey came to wide attention in 2008 when he paid himself 28 million after successfully expecting the credit crunch. That year his return was 54.8 per cent. He’d been bearish in regards to the position of banks to get several years, shorting Bradford & Bingley as early as 2005, questioning the German landesbanks and warning consistently in regards to the risks of debt and inflated house prices. He continued his short positions into early 2009 but in April took longer positions as he called the market rally of the year. The Times paper picked Odey as a “Company Big Shot” in 2008.