Odey tips RMB drop, says short global stocks

Nov 10, 2015

Hedge fund manager Crispin Odey argues for shorting equities because of the negative impact China is having on global growth prospects.

Odey tips RMB drop, says short global stocks

Crispin Odey, founder of $11 billion hedge fund Odey Asset Management, predicts China is going to devalue the renminbi in the near future by more than its 3% devaluation in August.

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