, 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:
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