U.K. Hedge Fund Manager Odey Sees Economy Turning Around

Crispin Odey, a U.K. hedge fund manager who made a spot-on call last year by shorting banks, believes that financials are now showing some real strength, which could signal pronounced improvement, The Wall Street Journal reports.

In his latest note, Odey writes: “In a little over a month, much has changed. Stock markets have shot up, led by the financials and the base materials sectors.”