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Odey Said to Surge 9% as Bearish Hedge Funds Win on China

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Crispin Odey’s main hedge fund surged about 9 percent this month by betting against China after losing money on the wager earlier in the year, according to a person with knowledge of the matter.

The gain by Odey European, a $3.2 billion strategy that bets on rises and falls in stocks, pared its loss for the year to an estimated 5 percent as of Monday, the person said, asking not to be identified because the information is private.