Fund update | July 2017
The Odey International Fund returned -8.84% for the month of July.
Positive returns came from holdings in Real Estate and Telecommunications.
Best individual performers for the month were long positions in Aker and Randgold Resources and a short position in Tupperware.
We live in a world without consequences
In his July report, Crispin Odey writes, "As Warren Buffett remarked, funds management is the only industry in which buying a share on its lows is a mistake and the more expensive it gets, the more you should buy. We live in a world without consequences so it may still take time for such idiocy to be outed, but it will be."