Sky and Randgold Give Two More Wins to Odey’s Hedge Fund That’s Up 29%
- Manager says in interview that Sky deal was a ‘great price’
- Odey said his funds are positioned for ‘more difficult times’
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Bearish hedge fund manager Crispin Odey is making money on his long bets.
The London-based money manager, who has for years predicted a market crash and lost money betting on it, is one of the largest shareholders of Sky Plc and Randgold Resources Ltd, the two-biggest gainers of the STOXX Europe 600 Index on Monday. Randgold’s shares surged more than 6 percent after Canada’s Barrick Gold Corp. agreed to buy the goldminer, and Sky rose as much as 8.8 percent after Comcast Corp. won the auction for the U.K. broadcaster.