Fund update | March 2017
The Odey International Fund returned -3.8% for the month of March.
Fallout from quantitative easing
In his report, Crispin Odey writes, "Another inadvertent child of QE has been the rise of disruptive technologies – Amazon, Uber, Tesla, Artificial Intelligence, ViaSat. All promise to undermine incumbents and most importantly the current assets employed by the incumbents, lent against by the banks and the corporate bond market. Paradoxically it is also the reason that productivity is falling."
March 2017 report