Crispin Odey

Crispin Odey founded Odey Asset Management in London in 1991, building it into one of the UK's most prominent hedge funds. The fund became known for concentrated positions — both long and short — based on Odey's contrarian macro and equity views. He made significant profits with bearish bets during the 2008 financial crisis and in the period around the UK's Brexit referendum. His fund also suffered substantial losses in various years when his macro views proved incorrect or premature, demonstrating the high-risk nature of concentrated discretionary approaches. Odey was forced to step away from managing client funds in 2023 following misconduct allegations, and the funds were subsequently managed by successors. His career nonetheless stands as a significant chapter in the history of London-based discretionary macro hedge fund investing, spanning more than three decades of highly opinionated and often contrarian market views.