Odey Increases its Stake In Fellow Hedge Fund Man Group

Odey Asset Management continues to show faith in fellow hedge fund Man Group plc. The fund increased its long position in Man Group from 5.15 to 6.07 percent of  Man Group’s outstanding shares on Thursday, Reuters reports. Odey’s bullish bet on Man Group is not shared by other competing UK based hedge funds like Lansdowne Partners, Marshall Wace and AQR Capital Management. Man’s shares have recovered significantly year to date and have already recorded a gain of 26 percent . With these returns the short positions could not have been profitable for the above mentioned hedge funds. Odey Asset Management…