Odey Flagship Hedge Fund Suffers Brutal March As Shorts Rise

The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, according to HSBC Hedge Weekly. We have covered this hedge fund extensively and this is the first time the fund’s monthly return has fallen in such a big way. Trouble in Odey’s top longs Odey’s top longs, Sky Deutschland AG (FRA:SKYD) (ETR:SKYD) and D.R. Horton, Inc. (NYSE:DHI) fell 17% and 12% respectively in March, contributing to the fund’s losses. One of Odey European’s top shorts, Peugeot SA (EPA:UG), rose 6.6%…