Age, Biography and Wiki
Crispin Odey (Robin Crispin William Odey) was born on 1959 in East Riding of Yorkshire, is an Investor, fund manager. Discover Crispin Odey's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 61 years old?
|Popular As||Robin Crispin William Odey|
|Occupation||Investor, fund manager|
|Age||61 years old|
|Birthplace||East Riding of Yorkshire|
We recommend you to check the complete list of Famous People born on . He is a member of famous with the age 61 years old group. He one of the Richest who was born in British.
Crispin Odey Height, Weight & Measurements
At 61 years old, Crispin Odey height not available right now. We will update Crispin Odey's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
|Body Measurements||Not Available|
|Eye Color||Not Available|
|Hair Color||Not Available|
Who Is Crispin Odey's Wife?
His wife is Nichola Pease (m. 1991), Prudence Murdoch (m. 1985–1986)
|Wife||Nichola Pease (m. 1991), Prudence Murdoch (m. 1985–1986)|
|Children||Sophia Anne Odey, Felix Crispin Odey|
Crispin Odey Net Worth
He net worth has been growing significantly in 2018-19. So, how much is Crispin Odey worth at the age of 61 years old? Crispin Odey’s income source is mostly from being a successful . He is from British. We have estimated Crispin Odey's net worth, money, salary, income, and assets.
|Net Worth in 2020||GB£775 million; (Sunday Times Rich List 2019)|
|Salary in 2019||Under Review|
|Net Worth in 2019||Pending|
|Salary in 2019||Under Review|
|Source of Income|
Crispin Odey Social Network
|Wikipedia||Crispin Odey Wikipedia|
According to The Sunday Times Rich List in 2019, Odey and his wife Nichola Pease are worth £775 million.
In February 2019, less than two months before the then Brexit date, Odey again bet against the pound.
Assets under management at the fund dropped from $11.7 billion at the start of 2015, to $5.5 billion in September 2017. Also, funds in his flagship fund, Odey European, fell from €2.5 billion at the start of 2015 to €184 million. The Financial Times chalked the losses in part to "poorly timed" trades. On 5 January 2018, The New York Times reported that Odey Asset Management had lost more than a fifth of its value in 2017, dropping around 20.5 percent. The New York Times reported that Odey's fund's "performance has suffered heavily after he took a negative stance on the outlook for the global economy and bearish positions against shares that have not borne fruit". He had also made "bets against the Fed", explaining to his clients that "it would certainly be simpler to follow the market. But then we would be ignoring the fundamental data". He had also assumed there would be a crash resulting from high interest rates.
In June 2017, The Daily Telegraph reported that his fund had profited from the drop in the value of the pound that resulted from a hung parliament. In August 2017, he remained an investor in Sky. After initially backing the Fox bid for Sky, in November 2017, he opposed the bid, after Sky's financial results proved "better than people forecast."
In 2016, it was reported that Odey saw his personal fortune plummet by £200 million after profits at Odey Asset Management suffered a significant decline. His salary was slashed because profits were down nearly 45% from the previous year. In 2016, Odey was a "prominent" backer of Brexit, arguing it would allow the UK to govern itself. Later that year, his hedge fund won about 15% of its value following the results of the Brexit referendum. He told the BBC on the morning of the result that he had made £220 million speculating that the markets would fall, saying "‘Il mattino ha l'oro in bocca’ – the morning has gold in its mouth". Overall, his flagship fund made losses of almost 50 percent in 2016, and in 2016, and the firm's operating profits dropped from 44.3 million pounds to 18.6 million pounds.
In May 2010, Odey Asset Management formed a new investment management firm with Geneva’s Bruellan Wealth Management called Odey Bruellan. Odey Asset Management's Odey European Inc. fund was ranked No. 5 on Bloomberg's 2012 list of the 100 Top-Performing Large Hedge Funds.
In May 2009, Odey attracted some controversy for saying in The Times that he would leave the country to avoid paying 50% income tax. He was at the centre of further controversy in 2009 when it was suggested that he financially backed anti-EU campaigners in the Irish referendum on the Lisbon Treaty while some hedge funds had taken out specific bets on the insolvency of the country in the event that the vote not be carried. The Treaty passed by a margin of 67.1 per cent to 32.9 per cent. In faxes sent to RTÉ and TV3, Odey denied that he had funded the Libertas 'no' campaign.
According to The New York Times, Odey "came to prominence during the 2008 financial crisis when he shorted banking shares, a lucrative wager that helped him to earn almost 28 million pounds that year". Odey came to wide attention in 2008 when he paid himself £28 million after successfully anticipating the credit crunch. That year his return was 54.8 per cent. He had been bearish about the position of banks for a number of years, shorting Bradford & Bingley as early as 2005, questioning the German landesbanks and warning consistently about the dangers of debt and inflated house prices. He continued his short positions into early 2009 but in April took longer positions as he predicted the market rally of that year. The Times newspaper selected Odey as a "Business Big Shot" in 2008.
Odey founded Odey Asset Management in 1991. George Soros was one of the original investors, seeding Odey $150 million. Odey suffered large losses in 1994 when the Federal Reserve unexpectedly lifted interest rates (one of his funds lost 44 per cent of its value), but went on to thrive, for instance by foreseeing that the value of insurers would rise after the September 11 attacks on New York in 2001. Through the early part of the 2000s, Odey worked closely with Hugh Hendry, whom he had recruited and who ran Odey's top performing Continental Europe Fund. Hendry left in 2005 to establish Eclectica Asset Management. In reference to Hendry, Odey himself said: "Odey in the 1990s was a one-man band; Odey in the 2000s was a two-man band".
Odey was born in East Yorkshire, the only son of (George) Richard Odey. His father was from a family of Yorkshire industrialists, and his grandfather George Odey, "a formidable bully", had been the Conservative MP for Beverley. His mother was from the Clitherow family. In 1980, his sister Caroline married Hon. Henry David Montgomery (heir apparent to the viscountcy), the son of David Montgomery, 2nd Viscount Montgomery of Alamein, and they have three children.
He was educated at Harrow School, where his father had been head boy, and graduated from Christ Church, Oxford in 1980 with a degree in history and economics. Soon after graduation, he found out that his father had huge debts, and the trustees made him responsible for Hotham Hall, a 4,000-acre estate that had been in his mother's family since 1720. Aged 23, he sold everything. According to Odey, his father was a "wastrel from beginning to end", and survived on handouts from his son.
Robin Crispin William Odey (born January 1959) is a London-based hedge fund manager and the founding partner of Odey Asset Management. In April 2011 the firm had $6.5 to $7 billion under management, with Odey personally running $4 billion of assets. According to Bloomberg in November 2017, he is "known for his bearish outlook" on the markets.