Odey Hedge Fund Rebounds in May After Slump in ‘Bloody’ April

Odey Asset Management’s main hedge fund gained an estimated 5.2 percent in May, paring some year-to-date losses after the worst ever monthly return in April.

The Odey European Fund, which runs $2.3 billion, dropped a record 19 percent in April, according to an investor document obtained by Bloomberg News. It lost about 14 percent in the five months through May 30. A spokeswoman for Odey confirmed the performance figures.