Money managers under the microscope
Make hay while the sun shines
More good news for equity bulls from Crispin Odey.
And, having profited handsomely from his position in Barclays, which is now a 16.3 percent holding in his European fund, he sees the best opportunities in companies that were once unable to refinance but now can get credit, rather than safe-haven stocks.
“I still find myself coming out of meetings with companies whose share price is up fivefold since January and wanting to fill my boots. But it is quite a narrow field.
“This is the year of the prodigal son, with no prizes for being the sensible and good older brother.”
(See also Odey’s Barclays Boost)
(Follow major developments in the hedge fund industry this week with Hedge Hub’s coverage of the GAIM)