, shedding 35% on contrarian bets against the longest-ever bull market in a year when the S&P 500 gained 29%.
But now, bearish bets against Tesla and US shale oil stocks are boosting Odey's returns, the FT reported. And, Clark's contrarian views are also paying off. In the last six days, the S&P 500 and the Dow Jones Industrial Average have fallen more than 10% amid fears that the coronavirus outbreak will hinder global growth.
It remains to be seen if the fund manager's gains will lead to a better annual performance in 2020 after a dismal year for hedge funds in 2019, when more fundsSEE ALSO:
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market strategy, coronavirus investing tips from top fund manager - Business InsiderA top-ranked fund manager pinpoints a Chinese healthcare company that could emerge as a big winner of the coronavirus outbreak — and explains how he's investing around the epidemic
Source: BusinessInsider - 🏆 729. / 51 Read more »
Nancy Pelosi calls stock market plunge 'disturbing' as she pushes for coronavirus fundingPelosi pushed back on Trump's suggestion that the stock plunge was at least in part the fault of Democratic presidential candidates. NOBODY CARES WHAT PELOSI THINKS! I don’t care what Nervous Nancy has to say. She's disturbing
Source: CNBC - 🏆 12. / 72 Read more »
Pelosi: Stock market’s plunge is ‘disturbing,’ Trump ‘silly’ to pin fall on Democratic debateHouse Speaker Nancy Pelosi on Thursday expressed concern about the stock market’s coronavirus-driven selloff and the California Democrat also criticized President Donald Trump’s analysis of the market’s action. Nobody cares what that American hating woman thinks! How this woman is still in charge is amazing. Dems have many issues. She should go talk to “silly” gundlach then
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks Open Lower, Face Biggest Weekly Losses Since 2008A market storm gathered pace as stock markets around the world sold off and investors struggled to calculate the economic fallout from the coronavirus epidemic. We offer Loans, Cash & Asset Backed Financial Instruments such as Bank Guarantee and Standby Letter of Credit (BG/SBLC) for lease and sale, and loan facilities. We offer verifiable bank instruments via SWIFT from genuine providers capable of taking up time bound transactions. WSJ more great news. Thanks for the panic alert!
Source: WSJ - 🏆 98. / 63 Read more »