A $9 billion hedge fund just gave an epic excuse for poor performance

Crispin Odey is having a tough year.
His UK-based hedge fund is down about 35% this year through August, according to an investor letter. The firm manages around $8.9 billion.
And Odey is blaming central bankers, and in particular low interest rates, for creating an unsustainable economy.
"It would certainly be simpler to follow the market," he wrote. "But then we would be ignoring the fundamental data."
His explanation for his fund's terrible performance, while quite macro-focused, is coherent