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Hedge Fund Manager Odey Bets on UBS Following Credit Suisse Deal

  • Crispin Odey says he’s invested 2% of his funds in lender
  • Investors are racing to break down deal’s implications for UBS
Crispin Odey

Crispin Odey

Photographer: Hollie Adams/Bloomberg

Crispin Odey is betting that UBS Group AG’s shotgun marriage with Credit Suisse Group AG will pay off.

The UK hedge fund manager said he invested 2% of his Odey Asset Management funds into UBS shares after the takeover. Odey personally ran about $1.3 billion of assets at the end of February.