City Of London
Odey’s Hedge Fund Soars 152% in Best Year on Inflation Bet
- Several macro hedge funds saw double digit returns in 2022
- Odey made short bets on long-dated UK government bonds
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Crispin Odey is celebrating his best ever year of gains since he started his hedge fund three decades ago.
His flagship European Inc. hedge fund surged 152% last year, powered mainly by his highly leveraged short wagers on long-dated UK government bonds as inflation and political turmoil roiled the British economy, according to an investor document seen by Bloomberg.