Advertisement
UK markets closed
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     
  • AIM

    789.87
    +6.17 (+0.79%)
     
  • GBP/EUR

    1.1632
    +0.0021 (+0.18%)
     
  • GBP/USD

    1.2536
    +0.0012 (+0.10%)
     
  • Bitcoin GBP

    48,674.18
    -624.82 (-1.27%)
     
  • CMC Crypto 200

    1,260.07
    -97.94 (-7.21%)
     
  • S&P 500

    5,217.78
    +3.70 (+0.07%)
     
  • DOW

    39,486.83
    +99.07 (+0.25%)
     
  • CRUDE OIL

    78.43
    -0.83 (-1.05%)
     
  • GOLD FUTURES

    2,376.00
    +35.70 (+1.53%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     

Hedge fund bear Odey eyes 15 pct gains from post-Brexit ructions

LONDON, June 24 (Reuters) - British hedge fund manager Crispin Odey said on Friday he could make gains in his flagship fund of around 15 percent from recent lows after a British vote to leave the European Union caused widespread market ructions.

Odey, who manages around $10.2 billion, said he had been around 70 percent invested in gold heading into the vote and was 100 percent net short on an adjusted basis across his portfolio.

A gain of 15 percent would recover just over half the year-to-June 3 loss flagged in performance data seen by Reuters.

"I'm feeling a lot happier. We should be up, from the low, around 15 percent," he told Reuters. (Reporting by Simon Jessop; editing by Carolyn Cohn)