There is more good news for Crispin Odey in the latest HSBC hedge fund index rankings.
Odey's flaghsip fund is up almost 26pc year to date and currently tops the HSBC leaderboard for the best performing European hedge funds.
That's quite the turnaround for the contrarian hedgie, who Betaville understands has been holidaying in Provence, the South of France over the last few weeks...
Ping! A marketing document arrives from Odey Wealth, which as far as I can work out is the private client division for charming Crispin's hedge fund group.
Anyway, the letter is entitled: "The Tide is Turning". Does that ring any bells?
It goes on to say:..
I see Crispin Odey is claiming the introduction of Mifid II regulations in early 2018 combined with US Federal Reserve selling assets bought via Quantitative Easing will trigger a market rout (see below).
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...
Brexit-supporting Crispin Odey might think that Betaville has got it in for him as this website has run a 20-part series highlighting the veteran hedgie's travails with his flagship Odey European Fund...
The Wall Street Journal reports that Crispin's letter to investors show his flagship long/short European Fund is down 10pc for July. Below is the link the WSJ piece:
https://www.wsj.com/articles/hedge-fund-managers-bearish-bets-backfire-again-1502111864..
The football scores are in (also known as the HSBC Hedge weekly returns). And it would appear the Odey European Fund has crept back onto the top 20 loserboard - Crispin's flagship fund is now down 7.82pc for the year to April 21, 2017, according to HSBC.
The news comes after The Sunday Times Rich List, compiled by the excellent Robert Watts, revealed last weekend that the charming buffer had slipped down that particular league table, losing £125 million last year...
Strolling down Mount Street (which is in the heart of Mayfair, one of the most salubrious parts of London) at 16:45 yesterday I spotted the charasmatic Crispin Odey chatting to a grey-haired friend (or business contact?).
Dressed in a blue (linen?) suit the fund manager from the upper eschelons of British society appeared to be on top form, laughing and smiling during his roadside chat with the grey haired bloke...
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...