Fund update | June 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 Materials, Industrials and Financials detracted.
Best individual performers for the month were short positions in Tullow Oil, Weatherford International and Debenhams.
The fall in sterling is dangerous
In his June report, Crispin Odey writes, "For retailers in the UK, given they are having to cope with internet shopping already representing 23% of consumer spending... the fall in sterling is so dangerous."