Odey issues warning on QE as his European fund struggles

Added 22nd April 2016

Hedge fund boss Crispin Odey has bemoaned the “misdirected” implementation of the European Central Bank’s quantitative easing programme.

Odey issues warning on QE as his European fund struggles

The manager reportedly wrote in a note to clients that he believes ultra-low interest rates have resulted in misallocation of capital around the world, and this is being exacerbated by continued QE in the eurozone.

The comments came alongside the revelation that his €720m Odey European Fund has shed 31% of its value during 2016 so far, driven by currency swings and equities market troubles.

The Odey Asset Management chief also invoked John Maynard Keynes in saying that while it is good for people and goods to travel, it is not necessarily so for savings.

The developments add to a less than stellar period by his own standards for the high profile investor, with the Sunday Times ‘Rich List’ estimating his personal fortune has fallen by £200m to around £900m over the past year.

Kames Income Hub


Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

Lazard Emerging Markets
Lazard Emerging Markets

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Alex Sebastian

News editor

Alex joined Portfolio Adviser in April 2014 and has been a financial journalist since 2008. He has previously held editorial positions at the Financial Times Group and Euromoney Institutional Investor. Alex is NCTJ qualified and has a degree in economics from the University of Sussex.



Investment Strategy




PA Channel Island 2016
PA Channel Island 2016

8th November 2016
The Royal Yacht, Jersey


17th November 2016
The Andaz

PA Emerging Markets 2016
PA Emerging Markets 2016

1st December 2016
The Mayfair, London

Sponsored Content

Investment Strategy