Tuesday, 10 June 2008

Odey Asset Management shuts its Japan hedge fund

Some sad news. Odey Asset Management has had to shut its Japan hedge fund due to poor performance and investor withdrawals. It has fallen from $1.2 billion to $40 million in only two years. Odey's founder, Crispin Odey, released a statement to the press: 'We had joy, we had fun, we had seasons in the sun.'

Well, Crispin needs a tonic. A shot in the arm. A boost. And I'm the man for the job. Yes, I have prepared a blessing for him.

O Big Herb, O Ganesh, O lords of the holy cash, O ghosts of the dead financiers, bestow a blessing upon Crispin Odey and all who work at Odey Asset Management. There is a great evil in the markets right now. The credit crunch is the work of the devil! But you masters of money can overcome it all. Oh yes! I pray to you, Crispin prays to you, everyone prays! Send us a sign! Send us money! We will worship you to the end of time. And I speak for Crispin. So bless him. Send him money. Let him have more seasons in the sun.