![Odey: What I failed to understand was that central banks were determined that this [rising asset prices] would carry on.](https://assets.fnlondon.com/2016/09/IMG012769_full4x3.jpg)
Some of the biggest stars in the hedge fund industry are badly lagging smaller, lesser known rivals this year.
Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad.
