Fund update | February 2017
The Fund returned -3.1% for the month of February.
Is the US economy weakening?
In his report, Crispin Odey considers the potential weakening of the US economy, "Unless Trump introduces some kind of VAT, which would reprice exports against imports, the chances are quite high that for all the enthusiasm and surge in confidence that greeted his presidential election, the US economy could already be weakening and with it, the dollar's strength."
February 2017 fund update