Crispin Odey’s “revolution” warning if politicians fail to ensure that the UK leaves the European Union is the latest chant coming from the pro-Brexit billionaire hedge fund manager.
Crispin Odey’s is back from his victory lap after the hedge fund manager did what nobody would dare do and “fight the Fed”. Crispin Odey, dubbed permabear figured like many that eventually, the central bank will have to reverse its monetary policy and that the very asset bubble its own policy created would one day pop.
“In the long-term, usually what the people want, the people get. Otherwise, there’s a revolution”
Crispin Odey fund suffered years of underperformance as QE rolled into QE2, QE3, Operation twist but having deep pockets (and well-heeled patient investors) Chrispin Obey was able to sit it out.
Crispin Odey’s bearish wagers eventually paid off handsomely in 2018 when the QE bubble starts to deflate.
Crispin Odey’s performance in 2018 was stellar, topping the HSBC hedge fund league table and generating nearly double the return of his next closest peer with a 52% YTD return for his European fund.
Crispin Odey’s “revolution” warning that if Brexit is frustrated is no doubt rattling the feathers of the remaining camp
The billionaire hedge fund managers, a big gun in the City of London, made no secret about his grand political ambitions. Could Crispin Odey be contemplating taking over zombie Prime Minister Theresa May’s job? Perhaps Crispin Odey’s is a British polished version of US President Trump who is perceived as the billionaire taking the populist fight.
“Crispin Odey’s bearish wagers eventually paid off handsomely in 2018 when the QE bubble starts to deflate”
Crispin Odey’s “revolution” warning came when he was recently speaking to Financial News about a topic close to his heart and a source of most of his recent profits, Brexit.
The high profile investor has donated generously to the Vote Leave campaign in 2016, was quoted last weekend as saying Brexit “ain’t gonna happen” because “I just can’t see how it happens with that configuration of parliament”.
“In the long-term, usually what the people want, the people get. Otherwise, there’s a revolution” – Crispin Odey
But Crispin Odey said his comment referred only to the short-term political outlook, and that he believes that Brexit can— and must— happen in the long run.
Then came Crispin Odey’s “revolution” warning in a one-liner
“In the long-term, usually what the people want, the people get. Otherwise, there’s a revolution”, said Crispin Odey.
“All I was saying, which maybe was misquoted, was that it was very obvious, given the constitution of parliament, that we weren’t going to get a Brexit,” he said. “It doesn’t mean that they [politicians] are not going to get scared about what they are going to do when they have to face constituents, having promised that they would deliver Brexit” said Crispin Odey.