Oc Funds Management

News

  • Fund update | June 2017

    July 2017 | The Odey International Fund returned -0.39% for the month of June. Positive returns came from holdings in the Energy, Consumer Staples and Information Technology sectors, while holdings in ...
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  • Fund update | May 2017

    June 2017 | The Odey International Fund returned 3.9% for the month of May.  In his May report, Crispin Odey writes, "Are we about to get the markets we want? There has been a different feel...
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  • Financial Year End Distribution Timetable | June 2017

    June 2017 | The Odey International Fund will not issue a distribution for the 30 June 2017 period.
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  • Fund update | April 2017

    May 2017 | The Odey International Fund returned -4.7% for the month of April. In his April report, Crispin Odey answers why he remains stubbornly bearish despite the last quarter seeing the f...
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  • Fund update | March 2017

    April 2017 | The Odey International Fund returned -3.8% for the month of March. In his report, Crispin Odey writes, "Another inadvertent child of QE has been the rise of disruptive technologies &n...
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  • Fund update | February 2017

    March 2017 | The Fund returned -3.1% for the month of February. In his report, Crispin Odey considers the potential weakening of the US economy, "Unless Trump introduces some kind of VAT, whi...
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  • Fund update | January 2017

    February 2017 | The Odey International Fund returned 2.1% for the month of January. In his January report, Crispin Odey discusses his views on the Trump presidency and its potential impact on mark...
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  • A kink in global productivity?

    January 2017 | We have a problem today: we have almost no productivity growth across the globe. Productivity was growing at over 2.5% going into 2005/06. It is now barely above 0.5% and ...
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  • Fund update | December 2016

    January 2017 | The Odey International Fund returned -1.6% for the month of December. In his report, Crispin Odey considers the impact of limited global productivity growth, "We have a problem today. We...
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  • Fund update | November 2016

    December 2016 | The Fund returned -5.7% for the month of November. In his report, Crispin Odey considers the year ahead, "2017 looks to be a year when central bankers will have to respond to what their...
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  • Fund update | October 2016

    November 2016 | The Odey International Fund returned -5.9% for the month of October.  How long can investors cling to the past? In his report, Crispin Odey writes, "Great events cast long shadows whi...
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  • These times are getting interesting

    November 2016 | The FTSE 100 share index is now up 30% over five years, while earnings have fallen by 80%. On an earnings yield of 1.6%, the stock market could fall by 80% and, provided profits did not fall...
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  • Fund update | September 2016

    October 2016 | For the month of September, the Odey International Fund returned -3.26%. In his report, Crispin Odey writes, "We are now destined to have a recession in the UK, as well as inflation. It will ...
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  • It is always dangerous to fight the Fed

    October 2016 | In the early 1970s, the trading system built on Bretton Woods started to crack. Thanks to the costs of the Vietnam War, the US started running a large current account deficit. Production, whi...
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  • Fund update | August 2016

    October 2016 | The Odey International Fund returned -6.07% for the month of August. In his August report, Crispin Odey writes, "my thinking this year was that stock markets would follow earnings. What we di...
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  • Fund update | July 2016

    August 2016 | The Odey International Fund returned -4.64% for the month of July. Positive performance primarily came from the Energy and Commodities sectors, while negative performance primarily came from h...
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  • Central banks: can they control the economy?

    August 2016 | The UK decided to join the EEC in 1973, just as today it has decided to exit the European Union. Both were difficult times. The world had enjoyed continuous economic growth from 1945 to 1973 &...
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  • Fund update | June 2016

    August 2016 | The Odey International Fund finished the month of June up 4.3%. Positive performance came from short holdings in the Financials and Materials sectors, while negative performance prim...
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  • Reminder | No half-yearly distribution for Odey International Fund

    July 2016 | The Odey International Fund will not issue a distribution for the 30 June 2016 period.
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  • Dividends not being paid out of earnings

    June 2016 | The FTSE is at 6,000, a level it was at five years ago and indeed in 2007/8 and in 2000. So far, we have only lost 16 years. However, the level isn't the cause of interest: it's what earnings ha...
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  • Fund update | May 2016

    June 2016 | The Odey International Fund finished the month of May up 3.6%. Positive performance came from holdings in the Energy, Financials and Consumer Discretionary sectors, while negative perf...
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  • Nobody wants a recession

    May 2016 | 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 fac...
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  • Fund update | April 2016

    May 2016 | The Odey International Fund experienced a challenging month with the Fund down 8.18%. Negative performance came predominantly from short equity holdings in the Financials, Consumer Discretionary ...
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  • Odey International Fund - FY16 Distribution Timetable

    May 2016 | Please see here for the Odey International Fund distribution timetable for the financial year ending 30 June 2016...
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  • UPDATE | Odey International Fund PDS

    April 2016 | The Odey International Fund PDS, dated 28 April 2016, has been updated to reflect changes made to the investment guidelines by the investment manager, Odey Asset Management.
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  • Central bank measures in a world of QE

    April 2016 | Quantitative easing (QE) came out of Fisher’s work on business cycles in 1935. For him, what created the depression was the cycle of over-indebtedness allied to overcapacity, which ensure...
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  • Fund update | March 2016

    April 2016 | The Odey International Fund experienced a difficult March quarter with the Fund down 21.9%. Negative performance came predominantly from short equity holdings in the Materials, Financials, Cons...
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  • Fund update | February 2016

    March 2016 | During February, the Odey International Fund returned -8.85% against the MSCI World Index Daily TR Net Local positive return of 4.21%. Negative performance came from equity holdings in the...
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  • Does China need a recession?

    February 2016 | It is getting interesting. Attention has been focused since August 11 on the unsustainable nature of the Chinese problem. What China needs, given the over-investment in non-productive assets...
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  • Fund update | January 2016

    February 2016 | During the month, the Odey International Fund returned 5.0% against the MSCI World Index Daily TR Net Local return of -5.4%, with positive performance coming from equity holdings in the...
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  • China, oil and the Fed: is this a bump in the road, or something more serious?

    January 2016 | The old adage was that if the market had a problem, you sold the market and bought the problem. The market could only go up if the problem was solved and you made the most money from solving ...
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  • Fund update | December 2015

    January 2016 | The Odey International Fund returned 4.73% for the month of December with positive performance coming from short holdings in the Energy, Materials, Industrials and Financials sectors. Sh...
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  • Fund update | November 2015

    December 2015 | The Odey International Fund returned -1.0% in November. Since inception in July 2014, the Fund has delivered investors 4.8% p.a. The Fund’s holdings in Consumer Discretionary, Financia...
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  • Fund update | October 2015

    November 2015 | After strong performance in August and September, the Fund was down 12.2% in October as global equity markets rallied. Short holdings in sectors including Consumer Discretionary, Financ...
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  • Bearish positioning detracts | China’s woes continue

    November 2015 | Crispin Odey, manager of the Fund, strongly believes this is a bear market rally (often the most pronounced) and suspects people may look back at this time as the last opportunity to ge...
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  • Fund update | September 2015

    October 2015 | The Odey International Fund delivered investors solid returns during September, with the Fund up 6.0%, outperforming its benchmark, MSCI World Index Daily TR Net Local, which returned -3.5%. ...
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  • Are we due a recession?

    September 2015 | The developed world averted a recession in 2008 by cutting rates to 0%, then embarking on QE. We all hoped we would get healing, then growth, then inflation, then rising rates. But, we have...
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  • China faces critical challenges

    September 2015 | Earlier in the year, we foresaw the risks building rapidly in China: imbalances in capex and growth, huge debt accumulation and falling competiveness due to the political imperative for con...
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  • Fund update | August 2015

    September 2015 | At 31 August 2015, the Fund returned +6.0% against the MSCI World Index Daily TR Net Local return of -6.7%. Positive performance came from our holdings in Consumer Discretionary (+4.2%), En...
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  • Monthly Fund Update July 2015

    August 2015 | In July 2015, the Odey International Fund returned a positive 1.3% against the MSCI Daily TR Net Europe return of +2.5%.
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  • Monthly Fund Update June 2015

    July 28th, 2015 In June 2015, the Odey International Fund returned a positive 0.3% against the MSCI Daily TR Net Europe return of -4.6%.
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  • Copia Investment Partners - Year End Distribution Timetable

    June 23rd, 2015 Please see below for the Copia Investment Partners year end disitribution timetable...
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  • Monthly Fund Update May 2015

    June 30th, 2015 In May 2015, the Odey International Fund returned a positive 4.5% against the MSCI Daily TR Net Europe return of +1.3%.
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  • Monthly Fund Update April 2015

    May 28th, 2015 In April 2015, the Odey International Fund returned -18.2% against the MSCI Daily TR Net Europe return of +1.0%.
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  • Monthly Fund Update March 2015

    April 29th, 2015 The Odey International Fund returned +3.8% against the MSCI World Index Daily TR Net Local of (0.4%) for March 2015.
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  • Monthly Fund Update February 2015

    March 27th, 2015 The Odey International Fund was down -6.5% for February and is up +20.8% since inception in July 2014.
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  • Hedge fund manager Crispin Odey says following China could lead to recession

    March 9th, 2015 Australian Financial Review - Monday 9th of March 2015 One of the world's leading fund managers says economies dependent on China for income, including Australia, are headed for recession,...
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  • Odey View - January 2015

    February 12th, 2015 The themes we have been outlining since the second quarter of 2014 are now establishing themselves...
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