Odey’s Slump Deepens as His Hedge Fund Loses Another 30.5%
- Flagship fund’s decline was its fifth in the past six years
- The bearish investor has stepped down from running his firm
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Crispin Odey’s flagship hedge fund lost money again in 2020, deepening the gloom for the bearish manager as he tries to revive his shrinking firm and fights an indecent assault charge.
His Odey European Inc. hedge fund fell 30.5% despite a big gain during the pandemic-fueled selloff in March, according to an investor update seen by Bloomberg. That’s the fifth annual decline in the past six years and compares with a 5.8% average gain across all hedge funds through November.