In Rough Year For Hedge Funds, Odey European Jumps 83% YTD On Bearish Bets [Exclusive]

Crispin Odey’s flagship hedge fund strategy, the Odey European fund is having a fantastic year. According to a copy of the fund’s April investment update, which ValueWalk has been able to review, for the year to the end of April, the fund is up 83.4% after adding 20.1% in April alone. Following this performance, the €245 million fund has achieved a compound annual rate of return of 10% since its inception in June 1992. It is on track for its best annual performance since its inception. Odey European’s strong performance this year follows last year’s market-beating figures. In 2021, the…