Crispin Odey Renews Bet Against The British Pound

Crispin Odey Renews Bet Against The British Pound

Hedge fund manager Crispin Odey, an advocate of Brexit, renewed his hotly debated wager against the British pound as U.K. lawmakers’ failure to agree on the divorce terms heightened concerns the country may crash out of the European Union without a deal. Bloomberg’s Nishant Kumar reports on “Bloomberg Markets.” (Source: Bloomberg)

Play Quizzes 4

Crispin Odey Renews Wager Against The British Pound

Morningstar Investment Conference: What To Do During The Fed Rate Hiking Cycle

Federal reserveThe U.S. Federal Reserve is treading carefully with raising rates amid the widespread economic, macro and geopolitical uncertainties sweeping around the world. The Fed raised its target level as high as 20% in the early 1980s to deal with runaway inflation, but we're a far cry from that today — a time when inflation threatens Read More

Get The Full Ray Dalio Series in PDF

Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q4 hedge fund letters, conference, scoops etc


A hedge fund manager as we said Crispin Odey renewed his hotly debated wager against the British pound as UK lawmakers failed to agree on the divorce terms. Heightened concerns the country may crash out of the European Union without a deal for more. We're joined now by Nishant Kumar. Bring back hedge fund reporter hop from this group. Very good to have you with us then Nishant very good to have you on the program. So this is this isn't specifically tied to breakaway parts of the Labour Party getting off and doing their own thing but it is tied to the bigger picture whether we're going to see it no deal breaks it and today's assessment of that isn't it.

Absolutely. So he put on this bet again sometime last month just a few weeks before he had unwound this trade trade for which he has been frequently criticized on Twitter and it he has always almost abused him for this but that he's supported Brexit that he pushed UK towards uncertainty and now he's here shorting Sterling. But he had this bet running for a long time he unwound that last month and very quickly put on this game and hasn't made the pound on March we I guess we have some suggestions that perhaps this was this was coming yet could be because his fund is way way smaller now. So on the brakes that day he made 220 million pounds just on one day retained by the way lost for the next few weeks as markets recovered. But in terms of real investment investment it's not probably huge enough to move the market.

And this is basically him. He seems to have put in place a lot whenever he sees a tail risk increasing in likelihood that's where these kind of calls come from because previously it's been around referendum this time around no deal that that appears to be the case here.


Updated on

Jacob Wolinsky is the founder of, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at) - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
Previous article Buffett And Munger: The Worth Of A Pound Of Cure (2017 Meeting)
Next article Tiny Neptune Moon Spotted By Hubble May Have Broken From Larger

No posts to display