In Stunning Turnaround Odey Is Crushing The Market Again

A few weeks ago, we reported that Odey Asset Management’s flagship Odey European fund, which has suffered years of poor performance and outflows, beat the rest of its hedge fund peer group in October adding 7.2%, boosting returns for the year to the end of October to 48.4%.

These initial performance figures were even more impressive considering the rest of the hedge fund industry seems to have struggled in October as some of the most popular stocks among slumped. Some of the most popular so-called hedge fund hotels including Mohawk Industries, Electronic Arts, Newell Brands, Wynn Resorts and Michael Kors Holdings all lost between 19% and 29% in October alone.