Hedge Funds
Crispin Odey's main fund tumbled 17.9% in the first half of 2020, significantly underperforming the 3.5% loss seen throughout the hedge fund industry, Bloomberg reported Wednesday. The Odey European Inc. Fund slid 7.3% in June alone. The loss comes despite netting at least 25 million euros ($28 million) from a bet against beleaguered payment firm Wirecard and at least 75 million euros ($94 million) from a short position on mall owner Intu Properties, according to Bloomberg. Odey's flagship only registered a monthly gain in March, when bearish positions drove a 21% gain through markets' coronavirus slump.

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