(Bloomberg) Hedge fund manager Crispin Odey’s winning run with his short-selling bets continued this week as wagers against digital payments company Wirecard AG paid off. Odey Asset Management made an estimated $18 million, at least on paper, on Wednesday when Wirecard shares were battered by allegations of executive fraud. In its largest disclosed short by value, the hedge fund reported a $131.8 million position as of Jan. 30 betting that Wirecard would drop, according to data compiled by Bloomberg.
Hedge Fund Bear Crispin Odey Made $18 Million Betting Against Wirecard
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