Posts tagged: Brexit

Is the tide turning for Odey the Brexiteer? - part 27

Friday, 24 November 2017, 9:22 am

Hacks at trade rag Financial News dug up a rare piece of good news from Odey Asset Management, the hedge fund firm run by charming Brexiteer Crispin Odey.

The Odey Absolute Return Fund - which is managed by a chap called James Hanbury - is actually doing rather well. According to the FN report, Hanbury's fund is up 11.2pc this year. Below is a link to the FN piece if you want to read all the detail:..

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Is the tide turning for Odey the Brexiteer? - part 26

Wednesday, 1 November 2017, 4:17 pm

Ping! An email arrives from a retired City contact who is in a bit of grump about receiving a letter from Odey Wealth.

Betaville's chum hasn't heard from Odey Wealth for four years but suddenly the private client arm of Odey Asset Management has got in touch asking whether he would like invest in funds either managed or overseen by charming Crispin...

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Is the tide turning for Odey the Brexiteer? - part 22

Wednesday, 27 September 2017, 8:42 am

Once again it would appear reports of a turnaround at Crispin Odey's fund might have been a tad premature.

The HSBC hedge fund performance index just hit Betaville's inbox and it shows that, perhaps, the August "revival" at Crispin's flagship Odey European Fund was just a blip.

Indeed, the Odey European Fund is back on the HSBC top 20 loserboard, showing a decline of 14pc in 2017 by the middle of this month...

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Pro-European City types cook up new British advocacy group / political party - part 4

Tuesday, 18 April 2017, 9:13 pm

Whether you work in UK financial markets or not clearly the biggest news event of the day was Theresa May's decision to call a snap general election.

What I'm wondering, though, is whether this bunch of centre ground, pro-European politicians, businessmen and City types - led by PR supremo Roland Rudd, founder of Finsbury - will break cover before the general election with their new political party or wait until Labour is decimated on June 8?..

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Post Brexit M&A from, er, SoftBank - part 2

Monday, 18 July 2016, 8:33 pm

Sorry about the delayed post Betavillers; I have been galavanting around Brussels most of today (don't ask why).

Anyway, I see both Masayoshi Son, the boss of Softbank, and Simon Segars, the chief executive of Arm, were both out on the front foot post this morning's announcement deal announcement, stressing today's mega deal had "nothing to do" with Brexit...

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Post Brexit M&A from, er, Melrose

Wednesday, 6 July 2016, 12:00 am

There is plenty of anecdotal evidence that deals that were being looked at before the Brexit referendum have either been parked or completely shelved.

Indeed, for the last couple of weeks I have been chasing a tale about a takeover of a rather large London-listed industrial company but was told yesterday the transaction has been put on hold because of the result of the Brexit referendum...

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Is the tide turning for Odey the Brexiteer - part 3

Tuesday, 5 July 2016, 12:00 am

So, it would appear Crispin Odey hasn't done as well as one might have expected from Brexit.

Mayfair types tell me Odey's flagship European fund is only up 6.8pc for the month of June.

I guess the 10pc market move higher since the post Brexit sell off hasn't helped Odey's short positioning based on his extremely bearish outlook.

That means year to date Crispin's fund is still down 26.5pc, according to one chap familiar with figures...

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Murdoch in first major UK M&A deal post Brexit with £220 million talkSport buy; Sky next?

Thursday, 30 June 2016, 12:00 am

Perhaps those (I have to include myself here) predicting a slowdown in UK M&A post Brexit spoke too soon.

News Corp - the publishing company controlled by media tycoon Rupert Murdoch - has just announced it is purchasing Talksport-owner Wireless Group for £220 million. Here is a link to the regulatory news service announcement:..

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Daniel Stewart wields the axe

Wednesday, 29 June 2016, 12:00 am

There is more gloomy news from London's small cap stockbroking industry.

I hear Daniel Stewart, which has seen its shares suspended, has this week begun a major cull, possibly about a third of its work force.

Whether this latest purge is connected to Brexit or just an extension of the general malaise in the industry remains to be seen.

I asked Peter Shea, chief executive of Daniel Stewart, about the job losses but he declined to comment...

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