FactSet tracks the loan losses of 25 of 81 financial companies in the S&P 500. And they’re down notably. According to up-to-date estimates, Q4 loan losses will be down 36% year-over-year.
However, the rate of decline is expected to taper. Over the next four quarters, loan losses are expected to fall by around 2.7%.
Odey Asset Management's Special Situations Fund was down 3.2% in March, compared to its benchmark, the MSCI World USD Index, which was up 3.3%. Through the end of March, the fund is up 8.7%, beating the benchmark's return of 4.9%. Q1 2021 hedge fund letters, conferences and more Odey's Special Situations Fund deploys arbitrage and Read More