Crispin Odey's Hedge Fund Plunges 10% as Stock Markets Rebound
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Equity markets are staging a comeback, and that’s bad news for bearish hedge fund manager Crispin Odey.
His flagship Odey European Inc. fund fell just over 10 percent last month, according to an investor update seen by Bloomberg. While sharp losses and gains aren’t unusual for Odey’s investors, this was the fund’s biggest monthly decline in nearly three years.